4 APRIL 1931, Page 2

Senator Borah's plan of consigning the whole of the Board's

vast holdings to China as a free gift may appeal to s-unialisks surfeited with the abstractions of economic theory, but is hardly practicable. America's wheat problem seems further from solution than ever in face of a Treasury deficit which will probably be about £140,000,000. A policy of some sort must be formed without more delay. There are also the dissatisfied oil interests of the South West, with their demands for Protection, to be dealt with. But to help them would be to injure other trades. Such is always the painful puzzle of tariff-making.

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