LONDON CONFERENCE

Otago Daily Times, Issue 21990, 27 June 1933, Page 7

LONDON CONFERENCE

WEEK-END DISCUSSIONS t INFORMAL BUT VERY FRANK STABILISATION SET ASIDE (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, June 25. The conference delegates are spending the week-end in informal but very frank discussions. Stabilisation will be shunted to a dead end on Monday, and an effort made to secure unanimity on trade questions, especially the limitation, of production and the abolition of restrictions invented since 1929/ The negotiations which have been proceeding privately in London among, the great wheat producing centres are reported to be nearing a successful conclusion. . A reduction of acreage of 15 per cent., as proposed by America, is stated to have the approval/of Canada and Argentina, and Australia's approval is now confidently awaited. LULL IN PROCEEDINGS (British Official Wireless.) RUGBY, June 25. No meetings of the conference eubcommissions were held to-day, but detailed examination of the work before the delegates will be continued on Monday. During the lull in the proceedings several delegates, including Dr Colijn (Dutch Prime Minister) and M. Bonnet (France), returned to their capitals yesterday, but they will be back in London on Monday. Dr Benes (Czechoslovakia) is also spending the week-end in Paris. . DR HUGENBERG'S MEMORANDUM A PROTEST FROM RUSSIA. BERLIN, June 25. The Foreign ( Office bluntly rejected a Soviet Note protesting against a passage in Dr Hugenburg's memorandum to the London Conference implying that Germany was seeking territory in Russia for colonisation. The Note argued that such a hostile declaration was contradictory to the Russo-German pact of friendship and neutrality. The Foreign Office reply was that the memorandum contained nothing to justify the protest. / SOVIET DELEGATE BUSY TRADE DEALS COMPLETED. - LONDON, June 26. (Received June 26, at 10 p.m.) The Daily Express says: "M. Litvinoff. a tireless negotiator, is finding the Economic Conference just the opportunity he needed to make commercial contracts, which alone can save the Soviet State structure. '■■■ Already M. Litvinoff has made tentative arrangements for a £25,000.000 deal in, Russian oil with an Anglo-Continental group and a £15,000,000. purchase of non-ferrous metals on credit from a Franco-American syndicate. Two obstacles which must first be surmounted are recognition of the Soviet Government by the United States, which is likely to be granted next month, and the lifting of .the British embargo, which *M. Litvinoff may secure when he meets Sir John Simon to-day. During the week-end M. Litvinoff had a meetingwith M. Titilescu regarding Bessarabia, on which Moscow has never ceased to cast longing eyes."