THE BRITISH VIEW

Rotorua Morning Post, Volume 2, Issue 255, 20 June 1932, Page 5

THE BRITISH VIEW

(British Oflicial Wireless)

vyments susps\ded during session of lau&anne cone! rence momentous statement

(RUGBY, Saturday. There were importan't developlents vhen the Lausanne Confei'nce entered upont the work to-j ay. Mr. Ramsay MacDonald announc(1 the ilecision of Britain, Franoe, taly, Belgium and Japan to susend while the conference is siting pavments iri respect to war Obts a 2d reparations, certain of hich fsH due on Friday, July 1, t oi'de to press to the learliest ossibl -* ( ompletion the work of the nifer"' e. Phe ilaration was heartily welned by Herr von Papen (Germany), the fiist visible proof of the initions of the Governments concerned alleviate the taslc of the eonfer:e. Jritain's policy in regard to war its and reparations was firmly statby Mr. Neville Chamberlain, the ancellor o? the Exchequer. hess repor .s state that he declared it it was t/H* British opinion that : vast int *r -Government obligans could n=>t be exaeted without astrous con: euuences to the whole inomic fabr:- of civiliSation. He ]ed that Britain was so convinced it only by rridical measures could >y restore that confidence without ich the wheels of credit could not rolve freely,~that they would be ;pared to take their share in the leral wiping of the slate, provided other Governments concerned uld do the same. The Common Cause fhey would not hesitate to make ther saerifice of their legal claims by so doing they could a;d the lmon cause. He was convinced that that spirit only could the problem ore them be successfully solved, I the first step taken towards the urn of normal conditions. 'he real problem they had to coner was not the capacity of one ntry or another to make payments whether the making of such paynts, and even the uncertainty about future created by the liability to ke them, constituted a standing aace to the maintenance of interional trade. I. Herriot (France) urged that a dification of the regime of ecouic restrictions wouhl more surely ieve their purpose than summary isures. The heads of several other deleitions spoke, expressing readiss to collaborate in the rehabilition of the economic situr.tion in irope. 'he conference has adjourned until isday. The heads of the delegations the inviting Powers will meet on nday.