EUROPEAN STRESS

Gisborne Times, Volume LXXIII, Issue 11737, 8 September 1932, Page 5

EUROPEAN STRESS

FIFTEEN POWERS ATTEND

CONFERENCE

(British Official Wire-lev-.)

RUGBY, Sept. 5

The international conference which is to make .recommendations for the economic and eastern Europe opened at Siressn, under the chairmanship of At. Georges Bonnet.

Delegates and experts of 15 Powers are attending the conference. In an address, the chairman emphasised tlie necessity of reaching an agreement to make clear the way for Hie World Economic Conference.

BR IT A IN’S SUG G ESTI ON

GRADUAL ABOLITION OF TARIFFS

('British Official Wireless.)

RUGBY, Sepi. 6. The principal British delegates, Mr Joseph Addison, the British Minister at Prague, said Britain had not come to Hie conference with her mind Fready made up, hut she was of the opinion that: the only means of attaining their eml was Hie gradual abolition if all economic harriers. Tho exchange system at present in operation was strangling the economic life of the world. Hq agreed with the German delegate that an improvement in international exchanges would lead to an automatic improvement in the financial situation.

M. Bonnet, the chairman of the conference, sent a telegram to tho British Prime Minister expressing (he respectful homage and loyal esiocm of the conference, which was created bv the Lausanne C.’onioroncc, of wjiir-h Mr MacDonald was president. Air -MacDonald’s reply conveys bis best wishes tn A!. Bonnot and his colleagues for tho success “which I am confident will attend their labors under your chairmanship.’’ PREFERENTIAL TARIFFS CONTROVERSY REPLY TO AMERICA’S OPPOSITION “CANNOT MEET DEBTS TE CANNOT SELL GOODS’’ (U.P.A. by Elec. Tel. Copyright.) CRcc-eived Sept. 7, 8.20 p.m.) BERLIN, Sept. 7. Elaborating M. Bonnet’s warning at the conference, a Polish doctor rose on behalf of the agrarian bloc and emphasised tho need for a free exchange of goods, whereby to got money to pay debts without exchange restrictions. “If wo cannot re-establish a general economic equilibrium”, be said, “you must give the Danubian States preferential treatment ; otherwise, they will collapse and endanger the rest of Europe.”

The Roumanian Minister of Commerce, M. Madgennu, referring to the United States' opposition to preferential tariffs, said: “Let us ask tho United States how we are to moot onr obligations if iwe are not (left free to organise our own affairs. \\ T o cannot meet our debts if we cannot sell our goods.’ l