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Wednesday, 9 July 1930

The main object of the work of the committee has naturally been the question of customs tariff levels which is closely bound up with that of commercial treaties.

The essential conclusion which emerges from the discussion in this field is that the Conference declares that " the time has come to put an end to the increase in tariffs and to move in the opposite direction ". To achieve this result, it is recommended that action should be pursued along the three following lines: - Firstly, individual action by the various States with regard to their own tariffs; secondly, bilateral action through the conclusion of suitable commercial treaties; thirdly, collective action, by means of an inquiry undertaken by the economic organization of the League of Nations, with a view to encouraging the extension of international trade on an equitable basis by removing or lowering the barriers to international exchange set up by excessive customs tariffs.

I particularly direct the attention of honorable senators to the recommendation that bilateral action be taken through the conclusion of suitable commercial treaties.

SenatorRae. - Who elected that conference?

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