Washington Conference.

Hokitika Guardian, 1 December 1921, Page 3

Washington Conference.

STABILISING EXCHANGE. UNITED SERVICE TELEGRAMS. (Received This Bey et 9.10 a.m.) LONDON, November 29. A special representative at the Washington Conference states he has ascertained an undoubted authority that America will join the other Nationals in an attempt to stabilise international exchange. The Allied Governments have invited United States Ro- ► prosentativc Committee to appoint the Reparations Committee to examine International Exchange and obviate the shock occurring when Germany fails to pay reparations or makes her regular payment. American representative will attend a meeting of the Committee, which will probably sit at Paris in December. Though this relates onh to international exchange, it will lead later to important developments, possibly to the conference at Washington at which the final conclusions will be reached. The correspondent adds that it is certain the war debt question will not be raised at the Disarmaments Conference.

JAPANESE FEELING. (Received This Day at 9.40 a.m.) TOKIO, November 29. The announcement from America that Mr Hughes, is insisting on the original naval ratios, with Count Kato practicaly agreed t« accept them, has precipitated a desperate press campaign here to arouse public sentiment against the loss of the warship Mutsu, which was commissioned on Thursday, and two dreadnoughts practically completed. apparently inspired articles in the leading newspapers suggest that unless Japan's desires are met. tliei e may he a deadlock at Washington Conference. The newspapers declare Japan is being worsted at the Conference.

NAVAL RATION QUESTION. (Received This Day at 12.25 p.m.) WASHINGTON, Nov. 30

British authoritative circles declared the discussion on the naval ratio is proceeding satisfactorily. Some announcement may lie-expected next week though not before Wednesday. The course of the procedure of the Committee indicated there would he a settlement of the tonnage ratio, then the submarine question, then the naval holiday.

Mr Balfour, .Sir A. Gcddes, anti Mr Lee gti to New York on Saturday to attend important functions, hut "ill not interfere with the work ot committees also indicated to-day the British regard progress of the Chinese question is deliberately optimistic. Everybody is satisfied, including the Chinese.