REPARATIONS CONFERENCE

Evening Star, Issue 20254, 15 August 1929, Page 8

REPARATIONS CONFERENCE

THE FINANCIAL OMISSION EFFORT TO SOLVE PROBLEMS Pi css Associate i—By Telegraph—Copyright. THE HAGUE. Augn-i 11. (Received August 15, at 10 a.in.) The Financial Commission, after silling for ninety minutes, decided to adjourn till Saturday to enable the delegates to have informal conversations in Hie hope of producing a solution to the problems raised during the delude on deli verbis in kind, and other matters.' — Australian Press■ Association. FRANCE'S VIEW. A CONCILIATORY STATEMENT. THE .11 AGUE, August IE (Received August 15, at 1.0.40 a.in.) M. -Loucheur, in a eonciliatoiy state ,uont before the Financial Commission, said that France, like Britain, would like to see deliveries in kind disappear. Ho also agreed with Britain that reexports must bo abolished, because they gave countries opportunities of competing in the. world market under artificial comlitons advantageous 1o themselves.,,. Moreover, it was wrong to imagine that British and German unemployment had no repercussion on prosperity like other .nation'. AH must try to laid a remedy. Nevertheless, if the coal deliveries in kind were solved by the restoration of ireetrade a, world battle would ensue, resulting in a reduction of prices. The British delegation had exaggerated the clfeet of deliveries in kind. Thu real cause pf unemployment in the British coal industry was that consumption was decreasing throughout the world, while production was increasing, particularly in the United States.—Australian Press Association-U nited Service.