DISARMAMENT TALK

Hokitika Guardian, 26 May 1933, Page 5

DISARMAMENT TALK

REBATE IN LORDS SPEECH BY LORD SNOWDEN. (United Press Association—By Pjectrio Telegraph—Copyright) LONDON, May 25. Lord 'Snowden concluded his speech in the House of Lords by saying; “We have either fo pay or default. .1 have always viewed with abhorrence the vei'y idea of repudiation or default. Uni less the British Government enters tho Conference with a dear cn well thought out, practical plan, we might abandon hope of any practical success. The result of the Lothian measure for the reduction of tariffs and stabilisation of currencies could not be discussed or decided upon without considering the on international debts, private and public. “International indebtedness is by far the most formidable factor which produced the present crisis. The Conference is inexorably and inevitably doomed to failure unless debts are taken into account. W 7 e are faced either with cancellation or bankruptcy on a gigantic! scale, or you must restore the of trade permitting international lending to begin again. These are the only conditions on which prosperity can be restored. /

REPLY BY- LORD STANHOPE.

REGRETS ATTACK ON PREMIER, LONDON, (May 24. Tn the House of Lords, Lord Stanhope, replying to Lord Snowden, said that he regretted Lord Snowden’s attack on his old friend and colleague, Mr Ramsay MacDonald. He continued ; “We on the Government benches phow no sort of hostility to Lord S n ow. den. I hope that his attack on Air .MacDonald is only a temporary effervescence, just as Lord (Snowden himself had to do before Th e Hague conference.”

Lord’ Stanhope said that with regard to Lord Snowden’s request for ia statement of what was the Government’s policy for th e World Economic Conference he could only reply to that request in -general terms. The World Conference would begin with great advantages. Its work had been carefully prepared by the Preparatory Committee and by President Roo-e----velt’g interviews with the representatives of various countries. The British Government had been 'in touch with 4.5 n erica and France."i,n order to try and thra&h out something which could be settled at the conference.

L.ord Stanhope continued that the situation of th e world was so critical that Governments would be compelled to overome difficulties which a previous conference had found insuperable. StORMY conditions at geneva. (Received this clay at 9.20 a,in.) LONDON, May 25. ’At Geneva there are stormy conditions over M. Jura’s frustration of Sir J. Simon’s plan to fly to Paris to confer .'with M. Daladier on disarmament and the four powei pact. Instead lie flies to London direct as soon as tho weather moderates.