COMMODITY PRICES
(Press. Assn.
BRITISH PROPOSAL FOR WORLD ECONOMIC CONFERENCE UNITED STATES FAVOURABLE
. — By Telegraph — Copyrlght).
_K.ec. june i, /.^u p.m. WASHINGTON, Tuesday. American partieipation "in the world economic conference to consider methods of stabilising commodity prices, proposed by the British Prime Minister, Mr. Ramsay MacBanald, appeared assured to-day, when the Secretary of State, Mr. H. L. Stimson, following upon a conference with the President, Mr. Herbert Hoover , announced that the Government had replied favourably regarding the United States' attitude thereon. No date has yet been set for the conference, but Mr. Stimson favours an early convocation. However, the opinion is expressed that it will not be before the Lausanne or Ottawa Conferences, and perhaps in Novem-, ber. No agenda was agreed upon, pending negotiations with the British Government. Mr. Stimson emphasises, however, that reparations, war debts and disarmament discusisons would be barred. He expects to discuss currency, .foreign exehange, the gold standard, silver and other questions as well as trade. It is felt here that such a conference would be of real value to the present depression.
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Bibliographic details
Rotorua Morning Post, Volume 2, Issue 242, 2 June 1932, Page 5
Word Count
178COMMODITY PRICES Rotorua Morning Post, Volume 2, Issue 242, 2 June 1932, Page 5
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