550.S1 Economic Commission/41: Telegram
The Chairman of the American Delegation (Hull) to the Acting Secretary of State
London, July 16,
1933—11 p.m.
[Received July 16—7:15 p.m.]
[Received July 16—7:15 p.m.]
142. Would you be disposed to authorize delegation to present resolution below?75 Thursday will be last opportunity to offer resolutions; matter is being kept wholly confidential here; request that no intimation that it is under consideration be given out in Washington.
- “1. Countries in which price levels are abnormally depressed should take measures to correct the situation thereby facilitating the reemployment of labor and the restoration of stable business conditions.
- 2. The levels to which prices should be raised in such countries and the measures to be adopted must be left to each country to determine in its own case.
- 3. In order that confidence may be maintained and governments may be in a position to check the rise of prices when the desired levels have been reached it is essential that governments should balance their current revenues and expenditures including in expenditures the service of any debentures incurred in financing public works.”
Hull
- Telegram No. 154, July 17, 11 p.m., to the Chairman of the American delegation read: “No objection is perceived to your introducing resolution.” (550.S1 Economic Commission/50.)↩