AT OTTAWA

Hokitika Guardian, 22 July 1932, Page 6

AT OTTAWA

MR (DATES’ SPEECH. (United' Press Association—By Electric Telegraph—Copyright.) , (Received this day at 11 a.m.) ' ! . I' OTTAWA, July .21. Mr Coates, in a speech at the opening of the Conference said there had been a more urgent call for co-opera-tion, than at- the present. After reviewing trade development in the Dominion for the past two years he pointed out the internal action has already been taken for further economies, hut they could not restore prosperity. Therefore New Zealand was deeply concerned with the of the Conference and eager to pool its information to'f; suggestions andseek to reverse the- disastrous trend* .of prices and stimulate Empire traded There might be a danger, be said, of assuming , that the possibility of the -worid conference would excuse inaction at Ottawa, but the presence of 'Mr Chamberlain enabled them to. emphasise the urgiency of action to raise price levels. FURTHER SPEECHES. \ OTTAWA, July 21. Mr O’Kelly for the Free State, said they realised the foremost part in .finding a, solution of the world crisis Could be taken at the Conference. No inter-Empire relationship, he said, could be permanent, unless established on a free basis, or which left the other party in a position of inferiority. They earnestly hoped for the ; success of the Conference. Mr Havenga said South Africa was' the only Dominion with a ravourable trade balance with Britain. He considered that Etnpire currency based on a common ..unit of value, was impracticable, and said South Africa favoured tire restoration of the gold standard. OTHER SPEECHES. OTTAWA, July 21. Mr Stanley Baldwin, addressing the Conference, said we should approach the problems with a view to seeing how much each can contribute to the common stock, without detriment to our own national interests. Increased purchasing.power in; any Dominion -will show itself in increased imperial trade. The prosperity of each will increase the prosperity of all. Mr Bruce said this is an all . British Conference. The benefits will not be confined to Britishers. The eyes of the world are upon us in the hope and expectation that success here will (serve as an inspiration for action on an international basis, which is essential if full prosperity is to be recaptured. A failure is unthinkable.