GENOA CONFERENCE

Hokitika Guardian, 19 May 1922, Page 3

GENOA CONFERENCE

anSVTIAUAN AN-n N.Z. CABLE ASSOCIATION

TO WELCOME LLOYD GEORGE.

RECOGNITION OF SERVICES

(Received this day at 9.50 a.m.) LONDON, May 18. Supporters of Hon Lloyd George, in both Houses, are arranging a spcci.i welcome at the railway station on Saturday upon bis arrival from Genoa A letter, organising the function, states that although fully aware there l ave been differences of opinion regardm„ the policy and possibilities of the Conference, we agree that Hon Llojc George has spared no effort to etfee that which lie believed to be in the lies interests of Britain and Europe.." peace. Lloyd George represented ns at Genoa, fought his critics with tlie cour-

age faith' and optimism which clinrneterised his attitude in wartime. 'V h-it-ever the result of tlm (’onterenee ie

would like the world to realise that not a few of us do not forget the splendid services lie rendered in war time and his untiring efforts since to bring Europe back to normal conditions. A WATCHER AT GENOA. A TRENCHANT REPORT. (Received this day at 12.25 p.m.) WASHINGTON, April 18. Frank Vanderlip, a New York banker who is holding a watching brief at Genoa Conference for United States financial interests, cabled the Chamber of Commerce Conference, that it is a clinic rather than a conference. It exposes a variety of social diseases such an fantastically excessive reparations claims, excessive military expenditures, causing inevitable unbalanced budgets, boundary lines that are an outrage on | economic and ethical principles, Government debts so vast as to destroy the ( hope of solvency, and the disease ot economic isolation of Russia. United States should study a plan for the segra- 1 tion of part of its gold reserve held, to ' stabilise European curiency after the budgets are Iwlnm ed, but they must avoid involving United states bank re. serves. A discussion on more important subjects is prohibited. The economic significance of Rusis'i is absurdly emphasised. Unless strong statesmanship can compel a more reasonable attitude on the part of France, the situation in Germany will be critical. Royalist plots abound and increasing prices promise social hardships, which may result in revolutionary outbreaks. Vanderlip reviews the international significance of the actions of the conference and concludes that the attitude of United States Government in respect to - 'Europe, is so eminently wise that I (eel like trusting the administration fully. We had better not embarrass it with suggestions. A majority of the speakers at the chamber of commerce convention oppose economic recognition of Russia and assert a settlement of German reparations would restore the world’s business.