Show danker Banker B Says days Free Trade Would Revive Business In In Impoverished Europe PARIS Oct By O-By SO By The Th Asso Asso- Associated elated dated Press Europe Press Europ Is In the ther r elough of ot economic despondency with only misleading prosperity In countries ot of depre- depre depre clatin exchange Sir Alan Man Ander- Ander Anderon son eon on director rector of ot the th Bank ot of Eng Eng- England Enc land land tind acting president ot of the International chamber of ot com com- commerce commerce commerce merce told the chambers chamber's council today This The condition he ho blamed on protective tariffs CRITICISES BARRIERS D Depression poor exports and are arc features ot of the tho general reports report concerning Europe said eald Sir Alan Ian Europe divided by 28 frontiers and per per- pervaded pervaded per pervaded with w inflation contrasts sadly with Uh the prosperity ot of the United States Stales IV whoso hose currency is h stable and whose whoa wide territory has no internal barriers Sir Alan said ald France Francc was being Impoverished Impo by her export trade that unhealthy currency tricked Ie ic se trader into losses fosses while he be- be belIeved be believed he was doing business for himself and for tor France FREE IREE TH DE REMEDY IlE Paris he said ald still sUlI was in a on con ron stage She was w was s getting h 1 titer liter but her full recovery was England land hampered by hostile tariffs Eng Eng- land also was wa recovering last year but the coa coal strike and the general strike upset upset the th Improved condi condi- conditions conditions conditions and caused serious losses Germany had been able to pay rc reparations only because she the had borrowed money to do it with Free trade he h concluded was wa the only remedy A brighter picture was as painted I by Julius Klein 1 director director ot of the United States Slates bureau ot of o foreign and domestic commerce who addressed I the council this afternoon Mr Klein who has just coin coin- com completed a round of or visits to moss mos ot of the European countries in which ho he studied commercial and econom econom- economic ic Io conditions condition with agents of ot the tb department ot of o commerce said laId the recovery ot of Europe was wa the out out standing topic of ot the world in In- In International in international business SEES PROGRESS There are of ot course a number of trouble spots but despite them lOt there can cnn bo ho no dou doubt bt whatever that business Is making progress and has 1118 made progress pro he hi assert assert- asserted asserted asserted ed In proof of ot this he ho pointed to commercial treaties numbering over ion negotiated since finco the war the general relaxation In European licensing restrictions the general lowering of ot tariffs and the tho removal of ot customs embargoes Referring to the tho Inflation heBald he said Bald aid The The weakness of ot a few tew cur cur- currencies cur currencies Is not by any means a symptom of ot any prevalent European Euro Euro- European European Infirmity It Is simply the thelast thelast last of ot a prolonged conva conva- convalescence convalescence convalescence Internal business he added can therefore take talce direct reas- reas reas reassurance from fromn the fact tact that it will not long Ions be subject to the demor- demor demoralizing Influence of ot widely fluctuatIng fluctuating ing ing- exchanges |