WORLD CONFERENCE

Hokitika Guardian, 28 April 1933, Page 6

WORLD CONFERENCE

NEW ZEALAND REPRESENTATION

MESSRS GOATES AND FORBES MAW ATTEND. WELLINGTON, April 27. The fixing of the date for the World Economic Conference in London okays the way for important decisions by the New Zealand Cabinet, which have been held up go far on ing to uncertainty over the date and programme. There were no decisions on the subject at today’s Cabinet meeting, but indications noint to very important developments in the near future.

Inquiries among Ministers already ishow that New Zea] nr] will not be content to have the High Commissioner acs its representative. ThUs conference is regarded, under existing conditions, no,, even -more important than that at Ottawa and it will warrant the attendance of both leaders of the Government. Thus it can be predicted that ivitldn a short time the Prime Minister, ■Mr Forbes, and the Minister of F'nance, Mr Coates, will announce their decision l 0 leave fo~ London to attend this unomentoiiis intern Fiona! conference Unlike some of the Geneva conferences, it will !:a -a- gathering of responsible governmental heads v who can accept decision and at tho same Time g’Vo an adequate guarorUv, of their ability to secure parliamentary approval in their own country. NEW ZEALAND’S, POLICY.

The to b P discussed are. of •coni'se, of vital importance to N“w Zealand. a.rd it is inevitable that coincident- w'th the Economic Conference tlier,;, will be discussions among Empire ,-tates’ven develrpment's following the Ottawa Confercm-e. INew Zeabi.nd's currency depreciation pel icy anil its attitude on the d'-’irv produce quota are «.urn to bo subverts for n,n exchange of opinions, if not forma] discussions, because the. question of stabilisation of currency in the international sphere is one of the points which events have forced to th„ front. War debt payment,-, also concern the Dominion vitally.

These finest ions aloim will make it odvVable "tint tlm 0-oalition leader; should bo in London in .Tunc ready to provide New Zealand’s co-operation in measures fOj. the . recto-rat- - on. -of .world confidence in trading conditions, POSTPONEMENT OF SFSSTON. .

Such a programme will involve dislocation of the Government’s/.opginyl plans for the p-rliamenfa-rv session. It was 'intended to call legislato”^'.together towards the end of August.-,but at tb’s time it may b,y ''anticipated that M v iForbeis and Mr Cfdates will be ;out .of the country, cohs©f(ue?dly it seem-^Jjke-,ly that the >essirri * wity'-'-be further, deferred. till eairljf fn- Octoberf Before Perl iamefit' ad iou'rhs p v ’bvision is made for monetary sup’>l v till the end of the following '.".’June,. as HeiHouso i.s expected to be sitting again by that time ' r.n# ran-Ahenr-ia'eiae.at -^h. e -. provision. Under ..present conditions, towew.' >a. speteiaiy clause in tTic' .Finance Act (SToVApidf hv-'t.‘••bss'pn enables .financial arfangerrifhts- to,, .lie’.cAtTfed''~ i o'm ti'l October 30,lifter which further supplies would ijittfe to lv. voWl by the House in an Imprest Bill. Thus the Gove r nment has A authorityto carry , 0 n 'its finances in accordance with the changed'fsessional programme which the calling’'' of the EconomicConference nece'ssiV trs.