WORLD CONFERENCE

Ashburton Guardian, Volume 53, Issue 210, 17 June 1933, Page 5

WORLD CONFERENCE

WHEAT ACREAGE QUESTION.

PRELIMINARY CONVERSATIONS.

PRODUCING COUNTRIES MEET.

(United Press Association—Copyright) (Received This, Day, 10.35 a.m.)

LONDON, June 16

A further meeting of wheat producing countries in the forenoon led to a story that an agreement for curtailment of acreage had heen reached but the report was not justified. Australia is still hostile, and in any case the conversations were merely preliminary.

REDUCTION OPPOSED.

ATTITUDE OF AUSTRALIA

(Received This Day, 10.35 a.m.) SYDNEY, This Day

The "Daily Telegraph" says that the suggestion of Mr R. B. Bennett (Premier of Canada) for reduction in wheat acreage will be opposed by Australia. Definite instructions to that effect have been given to the Australian delegate to the world wheat conference (Mr McDougall). ...-

INTERESTS OF THE EMPIRE.

QUESTION OF SAFEGUARDING. LOxVDON, June 16.

Mr Bruce and Mr Forbes joined Mr Neville Chamberlain, and Lord Hailsham 4o discuss how best to spread the Empire representations to ensure the protection of interests on all committees. „

EMPIRE AND COMMITTEE WORK.

DELEGATES CONSIDER VOTING,

(Received This Day, 10.35 a.m.) LONDON, June 16,

The Dominion and British delegates held a long meeting which Mr Bruce and Mr Forbes, General Smuts and MiBennett attended. They discussed policies for the committees and conferred in connection with voting on proposals which several nations are submitting at the week-end as resolutions for the committees.

NEW ZEALAND DELEGATES.

APPOINTMENT TO COMMITTEES

LONDON, June 16

Mr Bruce represents Australia on the monetary and economic committees and Mr Forbes is a delegate on the monetary committee and Mr Masters on the economic committee.

THE MONETARY COMMITTEE.

TWO SUB-COMMITTEES DESIRED

(Received This Day, 11 a.m.) LONDON, June 16.

The committee of the Monetary and Financial Commission of the World Conference this afternoon, decided to recommend to the plenary sitting of the Commission on Monday the.creation of two sub-committees—one on an immediate measure of financial reconstruction and the other on permanent measures for the re-establishment of an international monetary standard. The first committee will consider the following questions: Credit policy, price levels, limitation of currency fluctuations, exchange control, problems of indebtedness, and resumption of lending. The second committee will consider the functions of central banks and coordination of their policies, monetary, reserves and silver.

The chairman, Mr Cox (United States) welcomed the unanimous agreement reached as a happy augury. The committee also decided, on the suggestion of the vice-chairman, Dr. Kienboch (Austria), and the chairman, to invite the president of the Bank for International Settlements (Mr Leon Fraser) and representatives of the Financial Committee of the League of Nations, now in London, to co-operate with the committee.

THE TARIFF TRUCE.

FORTY-ONE NATIONS AGREE

(Received This Day, 11 a.m.) LONDON, June IG.

It is announced that 41 nations have signified their adhesion to a temporary tariff truce. These nations represent among them approximately 80 per cent of the world's trade.—British Official Wireless.

"GET TO WORK."

LONDON, June 16

Mr Cox (America), opening the Finance Commission, said: "We all agreed before the Conference that there was unprecedented general disorder throughout the world. Our task is

its treatment. AVe must be patient and face the perplexing details with an understanding of the national situations. Let us promote the treatment by sustained efforts; let us get to work."

HOPEFUL OF SUCCESS.

MR HULL'S OPTIMISM

LONDON, June 15

"I am more hopeful that the Conference will be a success," declared Mr Cordell Hull (United States). The unexpected businesslike abbreviation of the Geneva discussion indicates a businesslike attitude at the Conference throughout. No final stabilisation agreement is, however, yet anticipated.

THE OTTAWA AGREEMENTS.

M. HERRIOT'S VIEWS

PARIS, June 15

M. Herriot, in an article in "Les Annales," said: "I cannot see how the Imperial preferential tariffs arranged at the Conference at Ottawa can be aligned with the World Conference programme."

REGULATION "IN THE AIR."

LONDON NEWSPAPER COMMENT

LONDON June 16

The "Daily Telegraph," in an editorial, says: "Mr Forbes's reluctance to agree to limitation either of exports or productions is natural, but regulation is in the very' air in our times."