WORLD RECOVERY

Rotorua Morning Post, Volume 2, Issue 243, 4 June 1932, Page 5

WORLD RECOVERY

(British Official Wireless)

conference plans '** 'v;' " J foreign secretary makes good progress with negotiations KEEN INTEREST IN EUROPE

RUGBY, Thursday. The project for an international economic conference to consider the whole question of world trade has been advanced a stage further. Sir John Simon (Secretaryof State for Foreign Affairs) was in conversation with the French and Ttalian Ambassadors in Loiijdon yesterday, and a further conversation took place with M. de Fleuriau (France) to-day, and inquiries in other quarters are being vigprously pursued As was pointed out by Sir John Simon_, the proposal for holding another conference was complicated by the imminence of the Lausanne gathering. It naturally hqs been f elt that to call a further conference, simultaneously in time and similar in object, with that of Lausanne would present difficulties. Diyision of Work The suggested division of work at Lausanne into two parts — the first of which would concern itself primarily with European problems, war debts and reparations, and the second with other economic and finanqial problems underlying the world crisis— appears to have met with a favourable response in the United States. The latest Press messages from Washington state it was officiallv indicated last pight that there would be no objection to the United States participating in the second half of the Lausanne Conference, especially if the agenda was broadened. It is pointed out that the second half of the conference deals with general economic issues, compared with the first part, which would deal with reparations. French Standpoint Reports from Paris state that the news that the United States has offieially agreed to taRe part in the second Lausanne Conference was received with great interest there. M. Herriot and other Ministers decline to commit themselves to any statement until the Cabinet has actually been formed, but it is pointed out that France would have absoultely no objection to participation in an Economic Conference, and even in a possible monet^ry ponf erence but it is added that in regard to the latter she would insist that such conference be organised and held under the auspices of the League of Nations.