WORLD CONFERENCE

Hokitika Guardian, 16 June 1933, Page 6

WORLD CONFERENCE

K B , : ; i ! ' ; FURTHER SPEECHES.United Press Association —By Ele’trit Telegraph— Copyright.) (Received this xlay at 12.30 a.m.) I LONDON, June 15. ■ There was a sparse attenuwiiee until Air MacDonald’s announcement of the chairman committees, after which Mr Fbrbes .imperially spoke. 'The delegates remained and cordially welcomed Air Fjorbes, who li.d the distinction of being the last speaker tci the general debate. All interest now centres on lE© monetary and economic committees. India, and every Dominion except Aivstrailia, participated iin the general debate.

Air Soong ■(China) urged that while stabilisation was being sought for a gold currency, it .might also be found for ‘silver, for which a reasonably stable value was more important than an increase in value. China intended to raise the standard of living. Its consuming (power would then provide the greatest of all markets of the world, which might be a decisive factor in bringing a real, lasting recovery to the .whole world.

Mr Bennett (Canada) said h e was whole-heartedly in agreement with Air Chamberlain’s monotary programme. He urged -United States to stabilise exchanges and then Canada would be walling to stabilise the dollar on London and New York. He .also agreed in the main with Air Chamberlain, regarding trade restrictions. An accumulated ejarryover of ■ million bushels of wheat could only be effectively dealt with by international agreement, involving a. possible reduction of acreage, till the carryover was disposed of. Many importing countries by raising their tariff has diminished the demand, and aggravated ami perpetuated the disastrous fall in prices. These countries should seriously consider the feasibility of enlarging their demand.

OTTAWA IMPERIAL TARIFFS. (Received June 16 at 1.55 p.m.) PARIS', June 15. M. Her riot, in an (article in “Les Annales”, said: “I cannot see how the Ottawa Imperial preferential tariffs can be aligned with the world conference programme.” PREAIIER PRAISES DELEGATES. ; N.i ZEALAND PREMIER SPEAKS. (Received June 16 at 1.45 Am.) LONDON, June 15. “I congratulate the delegates heartily on the proceedings since Alonday. This is the most businesslike and expeditious conference over which 1 have ever presided,” said Air AlacDonaJd in closing the.genera], debate at the World Economic Conference. Air Forbes, who, to-day changed his mind and decided to speak, was absent when first called;, but -later addressed the Conference.; : ‘ , . DEBT PAYMENTS’ TO UiS.A. V (Received June 16 at 1.28 p.m.) RIGA, June 15. Latvia, following Britain’s example, is making a token payment of five percent. PRAGUE, June 15. Czecho-Slovakia is expected to offer America ten per cent.

HELSINGFORS, June 15. Finland paid, her instalment of £29,000 in full! GERMANY AND CONFERENCE. (Received June 16 at 2.5 p.m.) RERUN, June 15. The German press is so pre-occupied with the Austrian tension that it devotes little (attention to the Conference. The press considers that England has adopted the right method respecting war debts.