Show URGES MOVE TO SAVE International Cooperation Is 18 Necessary Necessary Necessary essary To Solve Difficulties Experts Cite Shrinkage And Sa Say Crisis Becomes Worse It was stated stIlted in a a. dispatch from Geneva last Saturday that alarm was expressed at what is called the growing gravity of the worlds world's financial industrial and commercial situation and declared ed that a courageous program of international cooperation was more necessary than ever The value of international trade i was probably less than half of what it was two years ago tho the number of unemployed had more than doubled and the crisis was becoming worse daily dally National restrictive and obstructive obstructive ob ob- ob- ob measures rapidly were strangling International commerce the report added The purpose of most commercial commercial commercial commer commer- cial treaties concluded appear to sanction and advance the right of reciprocal injury it said I Little remains of the equal I treatment guaranteed under the mast-favored mast nation clause the committee reported The British-American British negotiations negotiations negotiations for a world economic conference conference conference con con- ference were hailed hopefully by bythe bythe bythe the committee Echoing the annual annual annual an an- nual report of the Bank for International International International In In- Settlements it said only concerted international action action action ac ac- ac- ac tion could be expected to bring commercial and financial ery A definite settlement of the reparations reparations reparations rep rep- problem was greatly to tobe tobe tobe be desired at the conference which will meet in Lausanne this month the report added It gave the following figures on the shrinkage of international trade between 1929 and 1931 United States 63 per cent Germany Germany Germany Ger Ger- many 49 per cent Spain 70 per percent percent percent cent Great Britain 45 per cent Italy 46 per cent The total world trade was 31 in 1929 the report said and in 1931 while figures to date indicate a total world trade of only in 1932 |