’PROBLEMS OF RECOVERY.

Wairarapa Age, 15 June 1933, Page 3

’PROBLEMS OF RECOVERY.

| (Continued from page 5.) Signor Guido Jung (Italy), sexagen■fcrian, thick-set, of medium height, ■wearing a Fascist emblem in his buttonhole, who followed M. Daladier, epoke with a perfect English accent Mth a deliberate, quite delivery. He briefly mirrored Signor Mussolini’s practicality, an interpreter translating bis speech into French. Signor Jung approached nearer the bleak facts than Mny statesman has yet dared. He temphasised the transcendent importance of a setfkHnent of war debts. The tfact that all nations, wealthy or otherwise. had suffered the same ills of unemployment and decline in real prices proved that the evils were outside the Mnonetary fields. It was not logical to kleplore excess productive equipment and simultaneously expand it by forced finjections of credit. It was a problem of adjustment. They must co-operate to enable the investor to feel that his interests were safeguarded. In this respect economic efficiency was paramount.

General Smuts (South Africa), one of the three survivors of the Peace Conference, said that he had seen his tfears of economic warfare realised. He now feared for the fate of civilisation, If the Conference failed. He implored the Conference to separate politics from economics and appoint committees ©f experts to advise as to the right Bteps to world recovery.