ECONOMIC CONGRESS

Gisborne Times, Volume LXXIII, Issue 11829, 10 January 1933, Page 5

ECONOMIC CONGRESS

PREPARATORY COAIMITTEE RESUMES TO-DAY*.

BRITAIN AND OFF-GOLD POLICY.

WILL DEADLOCK BE REMOVEDP (U.P.A. by Elec. Tel- Copyright) (Received Jam 9,11. So p.m.) LONDON. Jan. 9. The Preparatory Committee of the Wold Economic Conference resumes at Geneva to day after the deadlock on monetary policy reached in October through Britain's intimation that it would be impossible to under-, take to return to the gold standard. The meetings end on the 23rd, after which invitations will be despatched to the various Governments with a view to the holding of the conference in April. Nevertheless, a further postponement may bo necessary unless a debt settlement is reached iu the meantime. The Daily Telegraph’s financial editor says: . “There is general agreement in London banking circles that Britain cannot pledge herself to any unconditional return to gold, but the time lias come when the Treasury must abandon a purely negative attitude and define the conditions whereon ai return to gold might be considered. Unless this is done the nations will probably drift into a conference without the ground being cleared beforehand.”