END OF PRESENT SESSION

Evening Post, Volume CXVI, Issue 24, 28 July 1933, Page 7

END OF PRESENT SESSION

MR.

MACDONALD BIDS DELEGATES ADIEU

NOT

DEFEATED AND NOT DISCOURAGED

SHALL WELCOME YOU ONCE AGAIN"

(British Official Wireless.)

(Received July 28, noon.)

RUGBY, July 27.

Concluding the plenary meeting which today brought to an end the present session of the League of Nations Monetary and Economic Conference, its President (Mr. Ramsay Mac Donald) said: "At this point we adjourn, not because we are defeated or discouraged, but because the committees • require a little longer to continue their deliberations and to consider their conclusions. You will therefore pass today a resolution keeping the machinery in being, instructing your Bureau to remain in active life, and, so that its activity may be more,vital, your Bureau will appoint as an Executive Committee the various chairmen and rapporteurs who have been guiding the work since the Conference opened As President both of t^ie Bureau and of that Executive Committee, I promise that this work will be done as quickly as possible. "I can give no dates, for the essential part of the work is to be intricate and a number of opposing views and proposals will have to be examined. My fellow-delegates and I myself, however, share the view that the condition of things which we are facing—unemployment, bankruptcies, unbalanced budgets, and undeveloped resources—is a challenge to the wisdom of man and very largely to the capacity of governments. The impossible we cannot perform. But we are convinced that there is a very large field of possibility which has not yet been explored and cultivated. I therefore bid you adieu in firm conviction that before many months I shall welcome you once again."