RELATIONS OF POWERS

Taranaki Daily News, 25 July 1931, Page 7

RELATIONS OF POWERS

“DEBATE NOT DESIRABLE”

QUESTION IN THE COMMONS

DELICACY OF SITUATION

OPINION OF CONFERENCE

British Official Wireless.

Rec. 5.5 p.m.

Rugby, July 23,

Questioned in the House of Commons regarding an opportunity for a debate on the international constitution Mr. Philip Snowden, in the absence of the 'Prime Minister, said the House would appreciate the delicacy of. the present international financial situation. He did not think it would be in the public interest or the interest of the successful carrying out of the recommendations of the seven-Power conference that a discussion should take place. He announced that Mr. Arthur Henderson had had an interview with Sokolnikoff, the ambassador from Russia, when the Anglo-Soviet debt question had been discussed. Mr. Henderson would have another interview with him to-morrow.

In the course of a long statement on the result of the conference, issued in London to-night, Mr. H. L. Stimson (U.S.A. Secretary of State) expressed confidence that the measures recommended would allay the panic which had affected the German financial position. “We believe it probable,” he added, “that once confidence is restored it will be found that Germany will be able to recover her equilibrium on the basis of her own resources and such assistance as will be readily available, but in any event we have provided the machinery necessary to meet the situation however it may develop.” The Morning Post, like the Times, expresses the opinion that a reduction of war debt burdens is necessary. Public opinion in America is not yet ripe, but the issue must be faced sooner or later.

Political circles in Paris are pleased with the results of the London Conference, though they actually regarded it as unimportant. M. Laval is credited with achieving a diplomatic triumph over Mr. Snowden, as he kept France clear of any discussions on disarmament and Young Plan revision. The Berlin newspapers are obviously disappointed at the failure to obtain a long-term loan, but meanwhile there are high hopes of useful results. Messrs Stimson, MacDonald and Henderson will visit Berlin on Monday.