FOREIGN TRADE: No. 19

In the huge gilt-&-white East Room of the White House, Cordell Hull last week proudly set his name to the most important achievement of what many believe is the New Deal's most successful program—its reciprocal trade pacts. Into effect for three years at least went trade agreements between the U. S. and Great Britain, between the U. S. and Canada.

The agreement with Canada is an improved revision of the reciprocal pact which Secretary Hull and Prime Minister William Lyon Mackenzie King signed three years ago; that pact (along with improving world...

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