COMING CONFERENCE

Hokitika Guardian, 14 February 1933, Page 8

COMING CONFERENCE

BIG ECONOMIC PROBLEMS

LEAD TO WORLD URGED

LONDON, February 11

Approval of tile lead to be g>vc;n the world by Britain .red the Unit t d States wo,- expressed by a former Chancellor of the ‘Exchequer, Sir Robert Horne, in a statement broadcast to America. Welcoming the Financial Conference at Washington Sir Rolv.rt said he was convinced Chat, even if no ohier cointries allied themso'.vPin, an A nglo-Ameri-can declaration of an intention to raise the wholesale pr’V-s of commoditie,- and to 'shape monetary policy accorrl’'>gly was a movement in flip rifht direction. jVfrnv people believed that tin rehob'litntion of silver would he. p more than anything to raise pneps and r - r tn.-o trade. Ho hoped the qrM-’on would b e passed in Wefhiwrt'v-,. , e ime the restoration of n ro’’t'on of s’lver’s normal value, world ’'mniediatFv a atm to P n MKroospd v..,rchP'-ing power and pre-

cm 1 " prosror’tv. d'ha vid I °d by Fnc]a.od o T,f A-rm-ioo if ra deiahs we-a cnaae'D' 1 r ,,.,pi pl rt frr-otlv differ. Tin should act unitedly, became civilisation was at .-1 We.

Tlvn-e n. ro dor't lit+ l « difference t*ic id««ls oT tb-, ,(' , h n nc°l]Or of the Exchequer, -Mr Ve-ille Chamberlain, ti' e head of the Midland Ranh, M r ‘Peg'nald McKenna, and Sir Robert Hornei,,.hut a divergence of opinkn appears regal’d ing the means of i-w-torim confidence. No tradition .should obstruct Treasure* for relieving unemployment,. The sig"s of better times reomre everv reinforcement vhnh the Government can eive, and it should, therefore, do. mowstaate that it intends to orgW^ Britain and every amenable part of the world : nto an economic whofe. Within th ; s area there M room to m-po-1,1 production, improve distribution, and prevent the monetary cause of a .renewed collapse, of prV*».

Besides the raiding of prices, taxation mav be reduced. Tt is urged that ibe halar.-vm of I' ” [Budget must rot be let Hide in the bone currenev manipulation can r ! cht matters. ‘‘We shall not return to prnnoerity bv a recourse to quack measures” says the paper.