EUROPE'S RECONSTRUCTION.

Poverty Bay Herald, Volume XLVII, Issue 15710, 29 December 1921, Page 3

EUROPE'S RECONSTRUCTION.

PROPOSED FINANCIAL CORPORATION. ECONOMIC CONFERENCE TO BE HELD. Elec. Tel. Copyright-United Press Assn.i (The Times.> (Received Dee. 29, 9.15 a.m.) ' LONDON, Dee. 28. It is expected that the meeting of British and French business men and industrialists will lead to an agreement on certain broad principles which will be submitted to tho Supreme CounciEas ■■■ ; a basis for the establishment of a\.E:iirb> i pean 'financial "corporation" composed""of ' the leading nations for the economio and industrial reconstruction of Europe. In furtherance of the scheme, tho Council will arrange for the holding of an European Economic Conference, to which Germany and Russia may be invited also the United States and Japan. ' Such a corporation, if necessary, will issue currency and lay down conditions upon which it would be willing to nuindustries and reconstruct railways in Europe, linking them up in one system, and to supply rolling stock. Tho Times, in a. leading article, says it sees in the meeting the desire of Mr. Lloyd George to establish closer relations with Russia. It expresses scepticism regarding dealings with the Soviet, and considers, in the present financial embarrassments of eveiy country, that any Government would" dream of supporting such a colossal enterprise as the proposed corporation with money or credit is entirely out of the question. INVITATION TO RUSSIA.

Australian and N.z. cable Association i

(Received December 29, 9.10 a,m ) PARIS, December'2B. The Matin denies a, rumor published in an English newspaper that Tehitcherin and Litvinoff have been invited to the international economic conference. All other newspapers assert that the invitation is an accomplished fact. Le Oeuvre says the invitation was tgiven without M. Briand's consent, although he is unable to make objection.