PLENARY SESSION.

Auckland Star, Volume LXII, Issue 282, 28 November 1931, Page 9

PLENARY SESSION.

Round Table Conference Nears

Conclusion. x FINANCE RESPONSIBILITY. (British, Official Wireless.) (Received 12,30 p.m.) RUGBY, November 27. The closing plenary session of the India Round Table Conference will begin to-morrow. Forty delegates have already indicated their intention to speak, and two gessipns daily on Saturday and Monday are contemplated. The conference will conclude probably on Tuesday with a statement of the Government policy by the Prime Minister. The work of the Federal Structure Committee was completed to-day with the acceptance of the report of the financial administration- It recalls the earlier report and agrees that during a period of transition in certain circumstances that might arise outside the sphere of the reserved subjects, a Gover-nor-General must be given the liberty to act on his own responsibility and given powers to implement this decision. The majority of the committee adhere to the principles enunciated in the previous report. They feel strongly that the financial crisis which has since overwhelmed both the United Kingdom and India, in common with so many other countries, hag still further reinforced the necessity for the calition with which the question was approached last Janur arj\ In tho conditions of uncertainty and instability prevailing, it would serve no useful purpose to attempt to decide now upon the precise means to ensure and to command confidence in the stability.of the new order and for the safe transition from the old.

It would be premature at, this stage to elaborate the applications of these conclusions. While prepared to explore more fully the suggestion of an Advisory Finance Council, they cannot on the basis of the recent discussions commit themselves to the view that such a council would adequately secure the effective maintenance of confidence in the credit of India, Which must be the essential test for th& measures necessary in the sphere of finance.

At the, close of the meeting, tributes to the chairman, Loyd Sankey, and the conference official? were voiced by Mr. Srinivaea Sastri, Sir Tej Bahadur and others.