ADJOURNED AGAIN

Poverty Bay Herald, Volume LV, Issue 17030, 15 August 1929, Page 7

ADJOURNED AGAIN

THE HAGUE CONFERENCE DELIVERIES IN KIND INFORMAL CONVERSATIONS (Elec. Tel. Copyright-United Press Assn.) (Australian Press Assn.— United Service.) (Received August 15, 11 a.m.) THE HAGUE, August 14. The financial commission, after sitting for 90 minutes, decided to adjourn till Saturday to enable delegates to have informal conversations in the hope of producing a solution to problems raised during the debate on deliveries in kind and other platters. M. Loueheur, in a conciliatory statement before t he. commission, said France, like Britain, would like to see deliveries in kind disappear. He also agreed with Britain that re-exports must lie abolished because they gave countries opportunities of competing in the world markets under artificial conditions advantageous to themselves. Moreover, it was wrong to imagine that British and German unemployment had no repercussion on their prosperity. All must try to find a remedy. Nevertheless, if coal deliveries in kind were solved by the restoration of free trade, a world battle would ensue, resulting in a reduction of prices. The British delegation had exaggerated the effect of deliveries in kind. The real cause of unemployment in the British coal industry was that consumption was decTonsing throughout the world,. while production was increasing, particularly 'u the United States.