DEBT CONVERSATION

Hokitika Guardian, 23 February 1933, Page 5

DEBT CONVERSATION

THE PREPARATION

AMONG PRINCIPAL NATIONS. United Press Association—By Electric Telegraph—Copyright.) WASHINGTON, February 21. The information from ,New York to-dav that Mr Roosevelt had announced th e appointment of Senator HnU and Mr Woe din to the Democratic Cabinet, together with M r Roosevelt's conferences with 'Sir Robert Lindsay and M. Paul Claudel .has led economic experts to predict that the ground work is being surveyed with a view to reaching important decisions on world economic questions concurrently w'th th e debt negotiations.

According to th e prtvc.it indications the conference at Washington will include only the principal nations interested in international trade, and so it will be the preliminary to the World Conference. As envisaged here, jt wU', in effect, constitute, using the League of Nationals parlance, the Council the Economic Conference, while the meeting of the delegates of sixtv<seveu countries later vvjll be the “Assembly.” The present preparations being undertaken wiTh" the full consent of the Hoover Administration Departments They are compiling data which will ibe used. It is understood that during - this week Sir R. Lindsay (Britain) and -M. Claudel (France) will start conversations with Senator Hull and other Roosevelt leaders.

Thus the coming Democratic Administration will actually b e functioninn before the inauguration.

Th P explanation of this unusual procedure is not' forthcoming. There is a rumour that the crisis in the Far East might be responsible for this desire to -work with aP possible speed. This is generally discounted. The most logical supposition is that Mr Roosevelt considers the world situation requires haste, and wishes to get machinery m operation as quickly as possible in' readiness for the special session of Congress, th e date of which has tentatively been fixed for April. '