WORLD PEACE.

Taranaki Daily News, 22 May 1922, Page 5

WORLD PEACE.

THE VALUE OF GENOA. BEGINNING MADE. AMERICA WANTED. By Telegraph.—Press Assn.—Copyright. Received May 20, 5.5 p.m. Genoa, May 19. Mr. Lloyd George, speaking at a luncheon with Italian and Anglo-American journalists after the Conference, thanked Italy for the excellence of the arrangements. He said the Conference had laid the foundations and erected the pillars of universal peace. “I hope,” he added, “that America will help democracy to complete the shrine of peace.” Mr. Lloyd George said the plenary session of the Conference had been the most remarkable that history had hitherto known. It would remain for ever as an inspiring landmark on the pathway towards universal peace, although it had not progressed as far as the most sanguine had expected. Referring to the Russian memorandum, Mr. Lloyd George warned the Soviet that when they came to The Hague they must not go out of their way to trample on the principles which are our very life blood, namely, full recognition of our obligations. 1 If Russia wants money she must accept the code of honor which has descended to us through generations. Not even a Russian tornado could split the smallest fibre of the root of those traditions. Referring to the pact, Mr. Lloyd George eaid it was only provisional, but, once it was established, the nations would not want to go back. Its psychological effect upon the nations of the world would prove electrical. If the Russian memorandum was the lost word from Russia, he despaired of accomplishing anything at The Hague.— Aus.-N.Z. Cable Asan,

TRUCE ACCEPTED. THE ECONOMIC REPORT. Genoa, May 19. At the plenary session the heads of delegations accepted the non-aggression truce, all rising and taking the promise of adherence thereto as Signor Facta called the rolls of the nations. Japan, Belgium and France promised to ask their Governments to accept the pact. Signor Facta said all the Governments were considered as having accepted the pact, which was thus adopted. M. Tchitcherin created a sensation while Signor Facta was about to move the adoption of the economic report. M. Tchitcherin accused M. Colrat, chairman of the labor sub-commission, with barring Russians from the commission, despite the fact that the Russians had the only Government in the world based on labor organisation. M Tchitcherin objected that the report did not contain a single suggestion for legislation for the protection of workmen, and the eight hour law had not been made obligatory on the world. M. Tchitcherin declared that the general impression of the report was that the delegates drawing at up lacked courage to do what was necessary to restore Europe. M. Colrat responded hotly and denied that the Russians had been excluded from the commission, which was a small body, and they had good reasons not to include the Russians. He did not think M. Tchitcherin was qualified to give lessons, considering the chaotic conditions in his country. Dr. Rathenau, discussing the economic report, admitted that important results had been attained at Genoa, but it would be a mistake to belTteve the crisis from which the world suffered had been solved. While trying to keep within the scope of the conference agenda Dr. Rathenau pointed out a few of the principles without which world peace could not be restored.

The total debt of the different countries was too big for these countries. Creditors were unable to discover how much they would receive and debtors how much they would have to pay. There was no country except that great Republic which owed no one and to whom everybody owed money, which could balance its Budget or was able to stabilise exchanges. A country which owed money to others should be able to pay in goods, not in gold, otherwise the problem of the re-establishment of trade would be impossible. Above all, confidence would not be restored until true peace was re-established. Until now demobilisation had not even been proceeded with to any great extent. Dr. Rathenau was warmly applauded. SOVIET PRESS COMMENTS. Received May 20, 5.5 p.m. Moscow, May 19. The Soviet organ Investia blames France and Mr. Lloyd George for the poor results of the Genoa. Conference. It was only needed to menace France with a breach of the Entente to jause her to yield. NEW ZEALAND DELEGATE. Received May 21, 1 1.5 p.m. London, May 20. Sir Francis Bell represented New Zealand at the final plenary session of the Peace Conference.—Aus.-N.Z. Cable Assn.