TRADE OF EUROPE.

Taranaki Daily News, 30 December 1921, Page 5

TRADE OF EUROPE.

SCHEME FOR REVIVAL. NATIONS TO COMBINE. ALLIES GIVE LEAD. By Telegraph.—Press Assn.—Copyright. Received Dec. 29, 5.5 p.m. London, Dec. 28. The British business men’s plan for the restoration of European commerce is being put before a meeting of Allied trade experts in Paris on Friday. The chief points are the formation of an international financial corporation, the capital to be privately subscribed by interests which will benefit, all resulting orders to be allocated fairly. If the plan is approved in Paris it will be submitted to the Cannes council, and then Germany, Austria, Russia and Czechoslovakia will be invited to an international conference. British experts believe that an international corporation will create a spirit oi confidence and will be an important medium for the restoration of trade relations, especially with former enemy countries. Sir Robert Horne has gone to Paris to consult with M. Loucheur. It is hoped the United States will participate in the scheme.—Aus.-N.Z. Cable Assn. London, Dec. 28. It is expected that the meeting of British and French business men and industrialists will lead to an agreement on certain broad principles, which will be submitted to the Supreme Council as a basis for the establishment of a European financial corporation composed of the leading nations for the economic and. industrial reconstruction of Europe. In furtherance of the scheme the council will arrange for the holding of a European economic conference, to which Germany and Russia may be invited, also the United States and Japan. Such corporation, if necessary, will issue currency and lay down conditions upon which it would be willing to finance industries and reconstruct the railways of Europe, linking them up in one system, and supplying rolling stock. * The Times, in leaders, says it sees in tlie meeting the desire of Mr. Lloyd George to establish closer relations with Russia. It expresses scepticism regarding dealings with the Soviet, and considers that in the present financial embarrassments of every country it is entirely out of the question that any Government would dream of supporting such a colossal enterprise as the proposed corporation with money or credit. INVITATION TO RUSSIA. Paris, Dec. 28. The Matin denied the rumor, published in an English newspaper, that Tchitcherin and Litvinoff had been invited to the International Economic Conference. All other newspapers assert that the invitation is an accomplished fact. L’Oeuvre says that the invitation was given witho"t M. Briand’s consent, although he was unable to make objection.