HAGUE CONFERENCE

Hokitika Guardian, 15 August 1929, Page 5

HAGUE CONFERENCE

COMMISSION ADJOURNS. (United Press Association—By Electric Telegraph—Copyright). (Receired this day at 8.30. a.m.) THE HAGUE, August 14. The Financial Commission, after sitting for ninety minutes, decided to adjourn till Saturday to enable delegates to have informal conversations in the hope of prodpcing a solution to the problems raised during the debate on deliveries in kind and other matters. FRENCH VIEWS. i (Received this day at 11 a.m.) THE.HAGUE, August 14. M. Loucheur in a conciliatory statement before the Financial Commission, said France, like Britain, would like to see deliveries in kind'.disappear. She also agreed with Britain that reexports must be abolished, because they v gave countries the opportunities of competing in the world market under artificial conditions, advantageous to themselves. Moreover, it was wrong to imagine, that British and German unemployment, had no repercussion on prosperity like other nations. All must ' try to find a remedy. Nevertheless, if ’coal deliveries in kind were solved, by the restoration of free trade, a world battle would ensue, resulting in a reduction of prices. The British delegation had exaggerated the effect on deliveries in kind. The real cause of unemployment in British coal industry was that consumption was decreasing throughout the world, while production was increasing, particularly in the United States.