PROBLEMS OF FINANCE.

New Zealand Herald, Volume LVII, Issue 17450, 21 April 1920, Page 7

PROBLEMS OF FINANCE.

INTERNATIONAL CONGRESS. TO MEET AT BRUSSELS. INVITATION TO DOMINIONS. Australian and N.Z. Cable Association. ! (Reed. 8.30 p.m.) LONDON. April 19. An international financial conference, to which the Council of the- League of Nations has invited twenty-five countries, including New Zealand and the other Dominions, will be held in Brussels at the end of May. The conference is the result of representations by leading bankers to their respective Governments asking for a meeting to consider the serious world situation. The Chancellor of the Exchequer has expressed his willingness that the British Government be represented on the understanding that the Treasury will not participate in any scheme involving further large" Government loans. The United States Secretary of Finance has replied that the American Government is opposed to further Government assistance, and will be unable to participate in the conference but it is willing that the Chamber of Commerce be represented unofficially. These replies indicate that direct Government loans will play a most subordinate part in the financial reconstruction of Europe, and that the conference will j mainiy consider means to enable credit again to flow into ordinary channels.