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On Tuesday the Council decided to summon an inter- national

conference to consider the abolition of import and export restrictions recommended recently by the International Economic Conference. It would be a magnificent result of the Economic Conference. if the present tariff walls were levelled to the ground. GermanY, Austria and Belgium have all declared that they are willing to knock them down. Freedom of exchange is the essential condition while Europe is feebly groping her way back to prosperity. We suggest that no country ought to be frightened by being. invited. -per- manently to forswear its economic convictions. - Let there be a trial period of, say, five years: We arc con- vinced that at the end of five years nobody would wish to build the walls up again.

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