FDR: “The policy of the United States will be, in collaboration with the other Nations, again to offer the initiative.”

All sections of our population—labor, farmers, businessmen have shared and will share in the benefits which increased trade brings.

We all know that the reduction of Government-created barriers to trade will not solve all our trade problems.

We are absolutely un changed in our policy of two years ago, for immediate Filipino independence.

It has served as a link between the fighting man and his loved ones here at home.