THE OUTLOOK

Rotorua Morning Post, Volume 2, Issue 429, 13 January 1933, Page 5

THE OUTLOOK

(British Official Wireloss)

EUROPEAN RELATIONS LAUSANNE CONFERENCE AN OUTSTANDING SUCCESS THE DEBT PROBLEM

Rugby, January 11. Captain Anthony Eden, M.P., for Warwick and Leamington, speaking on the internal outlook, said the slow progress made at the Disarmament Conferenee was not due to the faults or failings of the technical experts or the amhitious or suspicions of the armament firms, but to the unsatisfactory state of political relations in Europe. It was to the securing of =ome improvement in those relations, to the realisation of appeasement in Europe, that the conferenee must devote its energies this year, and it must approaeh the task in no narrow, selfish spirit. Germany had now returned to the conferenee, and to that sxtent at least the conferenee th'eret'ore started under happier auspices in the New Yeai\ In the chequered course of foreign politics in 1932, continued Captain Eden, the Lausanne Conferenee stood out as a marked success. Lausanne had closed an unprofitable chapter in the history of post-par reparations in urope. Manifestly, however, the burien of vast international payments could not he finally liquidated until the greatest creditor nation, the Unitcd States stated her attitude totvards them. Britain was both a detor and creditor nation. It was therefore naturally clear to her how vicidus in its influence on the world's commerce was an attempt to make the rast international transfer of payments which had no commercial counterpart. Britain could hardly be surprised if the greatest creditor nation was less quick to see the picture in the same prespective, but that perspeetive was none the less true. These international payments dislocated trade, lowered commodity prices, and impoverished primary producers the world over, and until they ceased they would inevitably hamper world recovsry. It was therefore in the interests of ^veryone, creditor and debtor alike, to bring them to an end.