WORLD ECONOMICS

Evening Post, Volume CXXII, Issue 65, 14 September 1936, Page 9

WORLD ECONOMICS

CONFERENCE PLAN

AMERICA BEING SOUNDED

RAW MATERIALS QUESTION

United Tress Association— By Electric Telegraph— Copyright. NEW YORK, September 11. The Washington correspondent of the "New York Times" states that between sessions of the World Power Conference it has been learned that certain influential foreign delegates have been sounding important American officials as to the possibility of President Roosevelt calling another World Economic Conference. To avoid the difficulties which resulted in the fiasco at London,1 the new conference would, be labelled "The World ' Conference on International Division of Labour," and would limit representation to America, Britain, Germany, The Netherlands, Belgium, France, Italy, Japan, and Argentina, other countries to be invited later if any progress were made. . ~ Although the instigators' plan is not revealed, it Is noted that one of! the prime purposes of the meeting would be to try to find a mutually satisfactory solution for the demand for raw materials, from such' countries as Italy, Germany, Poland, and Czechoslovakia. . It is suggested that the conference might profitably be called in February or March, just before the Ottawa agreements are due for reconsideration, with the hope that their renewal would be stayed by more general world tariff agreements. American reaction to the proposal is not known, but it is realised in informed circles that American participation in such a . conference would necessarily mean the discussion of currency stabilisation and of war debts, any adjustment of which, at least-at present, appears impossible.