RECONSTRUCTION

Dominion, Volume 15, Issue 134, 2 March 1922, Page 5

RECONSTRUCTION

INTERNATIONAL CORPORATION PROPOSED BASIS OF ESTABLISHMENT. by telegbaph-pbess Association. —OOPYBIGHT. London, February 27. The organising committee of the International Corporation has reported in favour of the establishment of a national corporation in each affiliated country, with an aggregate capital of £20,000,000, to which Britain, France, Italy, and Belgium are to subscribe equally. But other countries, including Japan and America, are invited to subscribe if they desire. The foregoing association will be linked with an international corporation, with a capital of £2.000,000, sitting in London, upon which all the associations will be represented. The .committee urges the Governments interested to obtain legislative authority to give the necessary guarantees to the respective associations, and enable a commencement to operate immediately. The committee declines to deal with countries not recognising past debts and other international obligation s.—Au s.-N.Z. Cable Assn. [Early this year the Supreme Council approved the establishment of an international syndicate, with affiliated national syndicates, to undertake the economic reconstruction of Europe and secure tho co-operation of all the nations in restoring normal prosperity. The Council accepted a proposal that a committee composed of two British, one French, one Italian, one Belgian, and one Japanese representative should immediately be constituted to examine the scheme and proceed with the organisation of international and affiliated syndicates and report to the Genoa Conference.]