IMPERIAL CONFERENCE.

Hokitika Guardian, 12 November 1923, Page 3

IMPERIAL CONFERENCE.

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jßouters Telegrams.] RETURN TO COLD STANDARD. LONDON. Nov. IV. In yesterday's debate mi the ourrcivy question, Air Bruce said he would really like to know if it was the Committee's view that there was a rea-oti-ablc prospect of an Empire basis, ol the gold standard being restored, or wail, merely a statement that, it such a thing were possible it would probably solve the problems we were laced with. .Mr Addle replied that, was so. It was based on the assumption ot an early restoration. Mr Bruce i imllum'd that lie personally was convinced a le.-toratiou of lit' gold standard v.as what all should work towards, hut t lie q nest ion would have to he faecd of finding some oilier method ot providing for Inline i/.v-hange arrangements ami iheir adjustment, t,hough if we wore going lo get hack to the gold standard, this would not lie desirable, nor was the position so immediately ac.it" tout they had to lake action. Mr ALis-ey -aid lie quite realised the difficulties in the way o) the Committee's doing as much a- wa- expelled. '1 lie time limit rendered an exhau-tive inquiry impo'-ih!" hut the committee had furnished very valuable information. some 11 ■ - - 1 1 1 ili l v ri the rcslora tti.ui ol the gold standard a! no distant date. He knew there wre many bankers who wore mu anxious to restore tlie got} standards a- n would interfere very seriously with lh" profits they had lout making. IMPERIAL POLICY. LONDON. Nov. tv. A distinguished assembly, including Mr Rruco. Mr Ala-ww, Mr Mackenzie King, and the prim-ipul Ambassadors filled the t luihlliail at the Lord .Mayor's Banquet. Mr Baldwin said the lie. i-iom. of the Imperial Conference, which necessarily were su I ',!<■<■ t t" lire Dnli'iil,ions' inti* lirmatiim. would c.mim.'ml theni.-elvcs to the lluiiii' Pariiaimmi. lie', gradually were moving me. aid- ch.'s(■r c i-opi'iat ion w iih the nonunion-. ! bev mu-' h la-ler they were t i i,love restcil with the people of ilii- a.mill ry. The Indian discussions had shown that any existing di-ahiin i<— were not has."l ,m th" distill, linn ol c'lloiir. hui were due -olclv to complicated local, u m me- ami political cimsiderat im;-. The (jiierimef had drawn up a number c l guiding principles regarding def.mer. It fell that, while these were mcc-sarv. they .should he prepared to enttsidef in ("incert with otliei peoph l -. wii.V p >ssthilit.v there was of iuriher limiiatem • V armament. I hev were justified m placing the promotion ot their trad.' in the forefront of foreign policy. Iheir relations with all Powers i\ inained friendly. The situation in ( eiitral Eu- j rope wa- one of .great anxiety. L was unthinlcahl" that Lump' should he allowed to drift to doom while the Powers looked on with folded hands. The entire weight of British authority was being thrown into the swales in favour ol tlie co-operetum <fi Ante! ten. Lord Cavan, referring to the question of defence, said the War ('litre was in <lns,. tout'll with the stall nl'aerv in the Dominions It, was ohviousiv important. that their training 'hnuld he mi similar lines. llenernl I Inure responding on Delia It of tlm Air I'one. sail! th" lemm drlenee force already was cousiilerahly stronger than it was twelve months ago. and it would numihlv inerease in strength until it was fifty-two snujulrnus >i about six liuimlivu machines. Lord Beat tv. m-n mdioc: lor Dm Navy, said lh.- devcloimc.ml agam-t submarine devices w.-t'c *a< m 111 keel,in" with the imee of ! lie sulmm.rj IR . ; -O much SO that to n power commanding l' l ( ,r ,1,.. -,. M the suhnta.rine would stance of the -a the subames .vouhl liot lie a gi cat ", 1 -|,in was a match for anv ship or wen- j p m that coiilil he hrough.S against It- | 11,. rougly dm.md",l the So.ganorc, elao. Australia required protection a' i much, or more than iu tlm m same might h • seel "I ~.oin. • m e . Crown Colotii"'. If insitran, *’ ; wise, if their infer' ‘ «' ! ' ri ' 1,1 | properly safeguarded, ~' l ’ I V a !' '!* j '!-!.! Pe lii'oiight up-to-date. Ihe Aiimii.nl | should do all in ti.cir power to ass,-' j I lie ilevoiopmeiil ol -m b tmvttl K'Ha- •>' j the Dominions might Icel a.IJc ■" meat' ■ ,