EMPIRE MONETARY POLO

Taranaki Daily News, 23 April 1932, Page 5

EMPIRE MONETARY POLO

SUGGESTIONS FOR OTTAWA

BRITISH GOVERNMENT’S VIEW

NO BANKERS’ DELEGATES

By Telegraph—Press Assn. —Copyright.

British Wireless.

Rugby, April 21.

Asked whether bankers or other authorities on monetary affairs w-ould attend the conference at Ottawa for the discussion and formulating of a common Imperial monetary policy Major Elliott, Secretary to the Treasury, in the House of Commons, said he did not know what steps, if any, were being taken by the Dominions, but so far as the United Kingdom was concerned, it was not proposed to issue such invitations. Their delegates would be well acquainted .with the views of bankers and economists on the subject.

The British Chamber of Commerce unanimously passed a resolution trusting the British Government at Ottawa would meet the Dominions’ claims for an effective preference over foreigners in return for the Dominions’ concessions enabling British competition on fair terms.

INVERCARGILL RESOLUTION.

CAUSE OF LOW PRICE LEVEL.

By Telegraph—Press Assn. —Copyright.

Invercargill, Last Night. The following resolution was carried at a meeting of the Southland Education Board to-day: “This board respectively submits its opinion that the monetary system for the empire should receive full and adequate consideration at the Ottawa conference, the board believing that from the voluminous evidence available the root cause of the low price level of primary products is a defective monetary system with its attendant evils.