[?]N OTTAWA PROBLEM

Rotorua Morning Post, Volume 2, Issue 284, 26 July 1932, Page 5

[?]N OTTAWA PROBLEM

rp?s. A-csn.

iSSUMING MOST IMPQRTANT ASPECT OF EMPIRE CONFERENCE raising price levels

— By Telegraph — Copyright).

OTTAWA, Monday. jhe problem of currency stands t as a distinct major subject at ; Empire conference, and it is now ■tain it will be tackled in a deterned fashion. It is early yet to jdict the result, but a high British tliority states the conference will a'oughly survey the question of 5ing the priee levels for primary nlucts. jpis vital matter has been menned by all the Dominion spokes,n as one of the most important (] urgent objectives, and the con•enee will not shirk its difficult :1c; but the British delegates say is impossible to give an assurance ,t {his eonf erence will reach a final ;ision. On the contrary, it may compelled to refer the problem the International Conference in ndon : nevertheless, the present lpire Board meeting will assuredly he sohie progress in devising manery to induce higher price levels, hough it is realised cl early that the [ of foreign Powrers niust he inced in order to ensure a full measi of success. Banking experts at the same me will review the exchange osition, and mahe recommendaons for an adjustment of exianges to the new scale of ilues. The forihcoming deliherations of . conference may result in a monex fonnula for adoption within the ipire, i.r a formu.be for submission the world conference, but in any ;e it will mark a concerted attack the problem of world depression.