WORLD ECONOMIC CONFERENCE.

Press, Volume LXIX, Issue 20910, 18 July 1933, Page 9

WORLD ECONOMIC CONFERENCE.

DISCUSSIONS ON BUTTER CONTINUE. LONG RECESS PROBABLE. (BRITISH OFFICIAL WIItELKSS.) RUGBY, July 16. The World Economic Conference is expected to adjourn on July 27. The question of its reassembly after the recess will probably be left to the bureau, which, it is expected, will be invested with power to call the delegates together again when the world situation is more favourable for a solution of the problems before the conference.

During the discussion on the proposal of the Polish delegation to set up a sub-committee to consider the need for improvement in the marketing conditions of dairy products, Mr W. E. Elliot (British Minister for Agriculture) said that Great Britain took 80 per cent, of the world's butter exports and 50 per cent, of the cheese exports. The United Kingdom was also a large producing, although not an exporting, country, and was thus affected by the existing world's surplus of butter and dairy products. He made clear the Government's intention to increase the output of dairy products. There were no meetings to-day of the conference committees, but the work will be continued on Monday, when the meetings will include one of the drafting committee of the subcommission on subsidies to shipping.