LONDON CONFERENCE

Hokitika Guardian, 25 July 1931, Page 5

LONDON CONFERENCE

CONFERENCE RESULTS, (United Press Association— By Electric Telegraph.—Copyright.) - LONDON, Tilly 23. At the conclusion of the- Conference, M. Laval said he wished to till the United Stales’ representatives how much they appreciated the mixture of powerful idealism and pract:cal sense with which they had joined in the attempt to put an end to the instability and insecurity of the Kurope.’n economic system. ‘-In the presence of representatives of the assembled Governments I wish to give expression to my hope that the initial conversation which has just been held at Paris, will be but a prelude to a series -oi similar meetings which will lead io a policy of Franco-German co-operation, the surest guarantee of security for the world.” • Mr Stimson said they felt they bad witnessed a great event, and they looked forward to its progress in effectiveness, Dr • Bruening wished to associate himself with M. Laval in hoping the American delegates would take back with them from the Conference, \ recognition of the close inter-relation of the Old and New Worlds, and ov 'Europe's need for the moral support of the idealism of the American people. 'Signor Grand!, M. tßerikln, and commander M.atsndira- having joined 'n the hopes expressed for the results ot the Conference, Mr MacDonald remarked how gratifying it all had been, the Paris meeting between the French and Germans. He referred to the growing understanding and co-operation, with America, and hoped with all his heart that the 'Conference decisions would re-establish German credit.

AN AMERICAN REASSURANCE

LONDON, July 23.

In the course of a long statement on the results of the Seven Power Conference issued at London to-night, the United States Secretary, Mr Stimson, expressed the panic which affected the German financial position. He added : “We believe it probable tha* once confidence has been restored, L will be found that Germany will' be able to recover her equilibrium on the basis of her own resources, and such assistance as will be readily available. but, in any event, we have provided the machinery necessary to meet the situation, however it may develop.

german disappointment

LONDON, July 24

The Berlin newspapers are obviously disappointed at the failure ol Geimany to obtain a long term loan; but, meanwhile, there are high hopes of useful results. Mr -Stimson, Mr MacDonald and Mr Henderson will visit Berlin on Monday. . THE INEVITABLE THING. REDUCTION OF WAR DEBTS. LONDON, July 24. The “Morning Post,” like “The Times,” expresses the opinion that a reduction of the war debt burdens is necessary. It says that public opin.on in America is not yet ripe •’ for this, but the issue must be faced sooner oi later.

ERENCH >SATL3FACTION

PREMIER’S DIPLOMATIC -SUCCESS. ;

LONDON, July 23

Regarding the Seven Power Conference, Paris political circles are pleased with t-he results, though they are actually regarded as being not important.

The French Premier, AT. Laval, is credited with achieving a diplomatic triumph over the British Chancellor, Mr Philip 'Snowden, as he has kept France clear of any discussions on disarmaments and on the Voting Plan revision.