STABILISING CREDIT.

Taranaki Daily News, 21 January 1921, Page 5

STABILISING CREDIT.

BRUSSELS CONFERENCE. 00L. CAMPBELL INTERVIEWED. Colonel G. F. Campbell (Secretary to the Treasury), who, with the High Commissioner (Sir James Allen) attended the' International Finance Conference, convened by the League of Nations at Brussels, for the re-establishment of the world’s financial equilibrium, was interviewed by a Wellington Times representative on Tuesday night. “The Belgian Conference,” stated Colonel Campbell, “was a great experience, and a most interesting one to me. I had an opportunity of meeting many financial experts, not only those of England and the Empire, but financiers representing numerous other countries; and the conclusion I came to was that all the countries represented there were most anxious to re-establish their credit and to live within their means. There was no dissentient voice raised when the British representatives and the American representative told the delegates plainly that there was only one way to re-establish the financial position of their respective countries, and that was by reducing their expenditure, working harder and ceasing to spend money on fighting and armaments. Peace was the first consideration.” “Were any good results secured from the conference?” queried our representative. “I cannot but think,” replied Colonel Campbell, “that the free discussion of the financial conditions obtaining in these various countries was beneficial, and that the full effects of the conference have yet to be felt. A great deal of verv hard work was done: and the management and the secretarial duties imposed upon the staff were enormous. The hospitability and the courtesy extended to all the delegates by the Belgian Government were most marked. The British representatives to the conference were: Lord Chalmers, G.C.B. (formerlv permanent secretary to the British Treasury): Lord Cullen (formerlv governor of the Bank of England), and M*. Henry Bell (general manager of Lloyd’s Bank).