PROGRESS AT THE HAGUE

Taranaki Daily News, 16 August 1929, Page 9

PROGRESS AT THE HAGUE

''SLOW BUT SATISFACTORY

EFFORTS TO MEET BRITAIN DISCUSSION BY COMMITTEES MR. SNOWDEN CANNOT WAIT By Telegraph—Press Assn.—Copyright. Australian Press Association. Received Aug. 15, 1.20 a.m. The Hague, Aug. 15. Mr. Snowden has dramatically written the creditor Powers at The Hague reparations conference stating that he expects his resolutions to be discussed without delay. He cannot, wait much longer.

Negotiations between the financial experts at The Hague with a view to discovering means to satisfy the British claims are described as making slow but not unsatisfactory progress. It was in order to permit their continuance that the financial committee decided not to meet till .Saturday. It is expected that one or more subcommittees will be created for the purpose of discussing questions already raised before the commission, among them Mr. Philip Snowden’s three points.

It is generally believed that the leading delegates will go home after the meeting on Saturday, while the work of the sub-committees progresses. CONCILIATORY FRENCH NOTE. ■ALL MUST SEEK THE REMEDY. United Service. The Hague, Aug. 14. M. Loucheur, in a conciliatory statement before the financial commission at the reparations conference, said that France, like Britain, would like to see deliveries in kind disappear, and also agreed with Britain that re-exports must be 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 the prosperity and life of other nations.

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 the reduction of prices. The British delegation had exaggerated the effect of deliveries in kind. The real cause of the unemployment in the British coal industry was that consumption was decreasing through the world while production was increasing, particularly in the United States. 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 the problems raised during the debate on deliveries in kind and other matters.