GENOA CONFERENCE.

Grey River Argus, 3 May 1922, Page 5

GENOA CONFERENCE.

THREATENED BREAK-UP [A. and N. Z. Cable Association J LONDON, May 1. The ‘•Times’s” special representative at Genoa, reports: Mr Lloyd George still hopes for Bolshevik acceptance but iii the case of a refusal, the British will withdraw and not rake any further interest in Russian affairs. The British delegation is undoubtedly anxious. A -action of its special train has arrived in readiness for their departure, which suggests a Lloyd George gesture to bring pressure on Bolsheviki. PARIS, May 1. Advices from Genoa state that the judicial committee adopted a formula conciliation for the inter-governmen-tal war debts. It is understood that Russia, in view of her financial incapacity, will be afforded a moratorium. PLENARY CONFERENCE. GENOA, May 1. A plenary conference meets on Wednesday to l receive the Financial ami Transport Commission’s reports At a meeting of the Economics Comnussmn, Air Lloyd George stated that Britain advocated the adoption of a general most-favoured-nation clause for Europe, for the purpose of pre venting the formulation of a series of separate agreements The Italian, German and Japanese delegates supported him. EXPORT OF RAW MATERIALS. QUESTION OF DUTIES. LONDON, May 2. The Australian Press Association’s Genoa correspondent reports that the economic commission has adopted a resolution regarding raw materials, to the effect that the right to dispose freely of their natural resources and reserves to themselves, by all appropriate means, their production of raw materials, where it appears insufficient in quantity for national needs ,or is menaced, by a deficit through, an exaggerated foreign demand. On the contrary, if production is notably superior to the need of the country of origin, it is desirable that exportation be not subjected to conditions which create for foreign manufacturers a situation of marked inferioriy. Therefore only duties should be imposed of a fiscal character.