LONDON SPEECHES

Hokitika Guardian, 14 June 1933, Page 5

LONDON SPEECHES

BY THE DELEGATES SEEKING ECONOMIC SOLUTION. (United Press Association —By Eleetrio 1 eJegiaph—Copyright; (Received June 14 at S n.m) LONDON, June 13. As there is an earnest desire to get to grips with the prob-ems of the Conference there was no cliisent at the Bureau’s proposal to limit the general debate to three days, and speeches to fifteen minutes. The president, has discretion to extend this if a speaker is usefully contributing to the Conference’s work. The opening speaker was M. Dahulier, the French Premier. M. Dahdior, in eight minutes, traversed the difficulties of production and exchange, whercunder tw-o-tliirds of the- world’s population, existing o.‘j agriculture, had suddenly found prices fallen by a half, sometimes by two-thirds., How could they be deprived of purchasing power and continue to he customers in the industry. To the evil of post-war mass production was added the instability of currency. The maintenance- and restoration of freedom of movement in gold was indispensable to the restoration and ' circulation of goods. What would, ijh'ey. say of an engineer, who worked with'an india-rubber foot-rule? The a,d6p S t > ion' of a forty-hour week within the international framework was wqrthy qf consideration. There was a tendency for all Government policies to run counter to one- another. These must be harmonised to avoid economic warfare,

The Italian, Signor Jung, emphasised the transcend once of one .settlement of war debts. The fact that all nations, wealthy or otherwise, suffered the same ills in unemployment and a decline in real prices, proved the evils were outside monetary fields. It was not logical to deplore the excels of productive equipment, and simultaneously to expand it by forced injections of credit. It was a problem for adjustment, and they must cooperate to enable tire investor to feel that his interests were safeguarded. Hereanent economic efficiency was

paramount... General Smuts, one of the three survivors of the peace conference, said that h-c had seen the feare ■ f economic warfare realised, and now he feared the fate of civilisation if the Conference failed. He implored the Conference to separate politics from economics, an appoint .committees and experts to advise the right steps toward world recovery.

OPENING OF THE CONFERENCE. DESCRIPTION OF SPEAKERS. (Received June 14 at J.O n.m.) LONDON, June 13. The oneniug of the Conference was marked by grey .skies and brought gloom to the Chamber. Informal conversations indicated that few constructive speeches were likely, and that delegates are withholding their plans until the committees are constituted. The fruitful work of the Chamber was rendered extremely 7 difficult by 7 the prohibition of smoking, delegates spending most of their time in the lobbies, where there were able to exchange ideas and friendly confidence. Even in lounge suits the Conference retained an atmosphere of homogeneity, though many delegates were of less impressive appearance. M. Da.ladler, nuggety, and filled with Gallic fire and Breton caution, spoke from a manuscript but seldom referred to it. He possesses a manly voice of delightful timbre, and was always arresting. He made a great im-

pression In o' ' Signor Jung, a .sexagenarian thickset, and medium height, and wearing the Fascist emblem in his buttonhole, moke with a perfect English accent. He was deliberate and quie:,. and his delivery briefly mirrored Mussolini's ormticability. an interpreter translating into French. Jung approached nearer the bleak facts than any statesman vet dared.