FINAL SESSION AT GENOA.

Press, Volume LVIII, Issue 17460, 22 May 1922, Page 7

FINAL SESSION AT GENOA.

ECONOMIC PROBLEMS. INTERESTING SPEECH BY GERMAN DELEGATE. \hr Cable—Press Association—Ci'jviieht.) (Australian and N.Z. Cable Association.) GKNOA, Mar 19. At the plenary session of Confereice to-day. M. Tchitcherin cre:it<?d !i sensation while Signor Facta was abr.ut 10 more the adoption of the economic commission's report. He accused M. C'oirat, chairman, of the Labour Subcommission, with barring Russian? irom the sub-commission, despite the fact that the- Russians had the only government in the world br&jd on Labour orian ; sat'ons. M. Tch'tcherin objected that tlie .report did not contain a single line of legislation for the protection of workman, and the eight-hour laiv had not been mode obligatory on the world. M. Tchitcherin declared that the general impression created by the report was that the delegates drawing it up lacked the eoUrage to do what ivns neeeseary to restoive Europe M. Colrat responded hotly and denied that the Russians were excluded from the sub-commission, which was a small body. They had good reasons not to include the Rrss'pns. He did not think M. Tchitcherin was qualified to give lessons, considering the chaotic condition of his country. Dr. Rathenau (Germany), discussing the economic report, admitted that important results had been obtained at Genoa, it would be a mistake to believe that the* crisis from which the world was suffering had been solved. While trying to keep within the scope of the conference agenda, Dr. Rathenau pointed out a few principles without which world peace could not be restored. ' Dr. Rathenau said the total debt of the different countries was too big for them, and their creditors were unable to discover how much they would receive, or the debtors how much they would have to pay. There was no country except "that great republic \vhicli owed no one, and to whom everybody o>ved money,'' which could balance its budget or was able to stabilise exchanges. The country which owed jnoney to others should be able to pay in goods, not gold; otherwise, the problem of the re-establishment of trade would be impossible 1 of solution. Above all, confidenoe would not be restored until true peace waa re-estab-lished. Until now, demobilisation had not even been proceeded with to any great extent. Dr. Rathenau was warmly applauded.

BRITAIN'S CODE OF HONOUR. MB XiLOTD GEORGE'S ADVICE TO RUSSIA. 1 GENOA, May 19. At the plenary session of Conference ' to-day. Mr Lloyd George, referring to the .Russian memorandum, warned the Soviet delegates that when they came to The Hague they must not go out of their way "to trample on principles which are our very life blood, namely> full recognition of'our obligations. If Russiawants money she must accept the code of honour which has descended to US through generations." Not even the Russian tornado could split the smallest fibre of the roots of those traditions'. If the Russian memorandum was the last word from Russia he despaired of accomplishing anything at The Hague.

RESULTS OF CONFERENCE. MOSCOW COMMENT. MOSCOW; May 19. • The Soviet organ *.<isvestia'* blames France and Mr Lloyd George for the poor results of the Genoa Conference. It says it only needed to menace France with a breach of the Entente to cause her to yield. SWEDEN AND RUSSIA. t . ~ (Received May 21st, 5.5 p.m.) : COPENHAGEN, May 20. It is reported thata Swedish Parliamentary Committee Rejected the Government's proposal for' a trade agreement betwen Sweden and Russia. , A rBENOH SWTDB? (Received May 21st, 11.5s p.m.) LONDON, May 20. It is significant that? no; French Minister met Mr Lloyd George his brief stay in Paris, where he did not leave his railway carriage. WELCOME HOME TO MR LLOYD GEORGE. THE KING'S MESSAGE. ; . j V * LONDON, Maj; 20. Mr Lloyd George was enthusiastically welcomed, at Victoria Station by a »arge crowd, including many Peers and members of the Bbuse of Commons. . The Duke of Atholl delivered the following verbal message :—"I am commanded by the King to welcome you ' home and to express his Majesty s hope that 'vour 'health has not suffered ! through your, arduous and prolonged efforts in the cause of peaceand.the economic reconstruction of Europe.

NEW ZEALAND'S ■ MVB. - YBiftrifiived Mav 21st, 11.5 p.m.) (Received » May 20. - Sir Francis Bell represented Ne# Zealand at the final ptanwy session of the Genoa JCoafcrence. - .