MR. NASH TO ATTEND

Chronicle (Levin), 1 July 1949, Page 5

MR. NASH TO ATTEND

WELLINGTON, June 30. The Prime Minister made the following statement in the TTouse Of Representatives this afternoon. "As lionourabhe memhers will be aware from the Press repnrts there ha^ l)een a heavy drain on gold and dollar reservps from the sterling area. This situation has heen engaging the close attention of all rommonwealth countries and nartieularlv the TTnited Kin,Tdom as the one orincipallv concnrned. l"n accordanfe with the practiee of con=ultations hetween membera of the Oommonwpalth on matters of common concprn. the TTnited Kingdom has accordinglv arranged for a eonferencp of British Commonwpalth Finance Ministers to be held in T.ondon towards tlm middlp of next month to give urgent eonsidprat.ion to measnres rec|uired to deal with this situatio7i. An invitation has boen received from Mr. Attlee for Mr. Xnsh to attend this meeting. " Corresnondence is still pi-oceedinr and a further announcement will bp made when arrangements have been completed, but T feel that the Hou.sf ^hould know that it has been decbled this morning by Cabinet- that New" Zealand' should a^cept the invi+ation and- that Mr. Nash will n"oordingly leave for London next week." Mr. Fraser addml that he had been in consnltation with the Leader of the Opposition, Mr. Holland, who had realised the seriousness of the situation ah'dlfWfio 'li Ad 1 exf ehildd1 |-6Vltrv hfe'l'fi." 'v Other members of the delegation are expected to be the Recretarv to the Treasurv, Mr.' B. O. Ashwm, the Governor of the Rrserve Bank, Mr. E. C. Fussell, and tlie "Minister 's nersonel secretarv, IMr. T. G. Lvthgoe. Tf trade matters are to be discnssed, IMr. J P. D. Johnson, Deputv-rontroller of Oustoms who is at present at Anuecy. France. attending disCussions arisbig from the general agreement on tariffs and trade, will join the delegation in London.