WORLD CONFERENCE

Hokitika Guardian, 26 July 1933, Page 6

WORLD CONFERENCE

GOVERNOR’S. PROFOUND DISAPPOINTMENT.

‘NOT, HOWEVER,• A FAILURE.”

(Per Press Association— Copyright). . AUCKLAND, July 26,

Profound disappointment with the - “inconclusivenesa and poverty of. the output of the World. .Economic Conference, ’ ’ was expressed by .the Gov-ernor-General (Lord Bledisloe), in an . address men’s Club. • “Mountains have laboured and brough forth , a mouse, I decline, however, to, describe the result as. a failure, for' the friendly meeting; in one place of' dply accredited representatives -. of sixty-six, nations has caused mutual difficulties and obstacles to the economic rehabilitation of the world to lie 'meticulously explored, and their exploration is a hallway house on the road; to their ultimate revival. It- is. a: ground for confidence and. hope., . Equally regrettable,” .continued His Excellency, “is the transient, but acute disagreement which has risen between New Zealand and the mother country, born of apprehension on both sides the trend of their' mutual trade. , It is said in the -best of hooks that ‘perfect love casteth out fear.’ It. is to be earnestly hoped that the mutual confidence founded upon the unbroken ami iy of t,he -past will be rapidly reestablished, for jts maintenance is a-b- ---: sblutely vital to the economic existence 'of this-Dominion,' and any . protracted .impairment of it on some specific trade iissue is calculated to affect materially the wider range of this country’s future industrial and financial inerests. i .Far sighted statesmen on both sides recognise the paramount importance ■of this aspect o£ the problem and merit the backing of all patriots of wide ■vision and commercial acumen. Among nations and individuals alike confidence is the - touchstone of credit, and : credit is the' -lubricant of -honest and successful trade. ' ■.. ,