PAN-AMERICAN MOVEMENT.
NEW YORK TO COMPETE WITH LONDON AS FINANCIAL CENTRE.
(Received December 31, 8.5 a.m.* LONDON, Dec. 30.
Reuter's Washington correspondent states that the Treasury invited the various American nations to a conference. in : the spring to d/iscuss financial and commercial problems arising out of the war and closer commercial relations. The Treasury officials opine that the chief hope of the South Amenlcan States! financial independence of Europe lies in a pan-American movement. It suggests that New York may become- a serious competitor of London as the world's financial centre.
Many European and South American diplomatic representatives interviewed President Wilson, who apparently is prepared to insist on the rights asserted m the Note.
President Wilson declared that Ame« rica's theory was hardly debatable, as Britain adhered to the same in the previous war.
Official circles are confident that Great Britain will satisfy America.
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Poverty Bay Herald, Volume XLI, Issue 13575, 31 December 1914, Page 3
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144PAN-AMERICAN MOVEMENT. Poverty Bay Herald, Volume XLI, Issue 13575, 31 December 1914, Page 3
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