"In a world dominated by force," the programme said, "we can neither maintain an effective foreign policy nor enjoy continued security in this Spain Creating Oriental Chamber of Commerce Madrid, Feb. 18.
To foster commercial relations with the Near and Far East, Spanish busi-newsmen and. industrialists are to establish a Spanish Oriental Chamber of Commerce here. Trade relations will be forged by the Chamber with Egypt, Turkey, Greece, Yugoslavia, Bulgaria, Rumania, Siam, the Netherlands Indies, the Philippines, China and Japan. The new Chamber will try to open new markets for Spanish goods in those Near and Far Eastern lands which produce raw materials of which Spain today stands in need.—-
Havas. hemisphere without a thoroughly adequate defence force on land, in the air and on the water.
"The foreign policy of the United States must be determined by realistic consideration of the political military and economic situation which now obtains in the world. We must not allow our emotions to make us unfit for a national analysis of what will best safeguard our national institutions, ideals and interests and best enable us to play a constructive role in our relations with the rest of the world, "We must avoid all commitments s of action which might in other people's wars."
The report, which ran to 116 pages, was adopted by the majority of a 200-man committee headed by Mr. Glenn Frank. The report asked for the return of the fixed gold standard, branded "pump priming" economics failure and proposed a twenty per cent. cut in Federal expenditures with a view toward balancing the national budget in 1942.
The programme also suggested the return of relief administration to the respective states which would be left to deal with most of the cost of relief. The report also demanded the repeal of emergency monetary powers granted President Roosevelt and urged the elimination of tax exempt tion privileges from future Federal securities.—United Press,
Text read from the printed page and cleaned; old type leaves the occasional error.