PEACE PACT ACCEPTED.

Waimate Daily Advertiser, Volume XXIII, 20 May 1922, Page 5

PEACE PACT ACCEPTED.

PLENARY SESSION. (Per'Press Association —Copyright.) Genoa, May 19, At the plenary session the heads of the delegation accepted the nonaggression truce, all rising and taking advantage thereto als Signor Facta called the roll of the nations. Japan, Belgium, and France promised to accept the pact. Signor Facta said that all the Governments are considered as having accepted the pact, which was thus adopted. TCHITCHERIN SENSATION. M. Tchitcherin created a sensation while Signor Facta was about to move the adoption of the economic report. M. Tchitcherin accused M. Colrat, chairman of the Labour Sub-Com-mission with barring the Russians from the Commission, despite the fact that the Russians had the only Government in the world based on labour organisation. M. Tchitcherin objected that the report did not contain a single line of legislation for the protection of workmen and the eight hour law had not been made obligatory on the world.

M. Tchitcherin declared that the general impression of the report is that the delegates drawing it up lack ed courage to do what was necessary to restore Europe.

M. Colrat responded hotly and denied that the Russians had been excluded from the Commission, which was a small body and he said “We had good reasons not to include the Russians.” He did not think M. Tchitcherin was qualified to give lessons, considering the chaotic conditions of hig country.

DISCUSSION ON ECONOMIC REPORT. Herr Rathenau, discussing the Economic Report, admitted the important results obtained at Genoa, but said it would be a mistake to believe the crisis wherefrom the world was suffering had been solved. While trying to keep within the scope of the Conference agenda, Herr Rathenau pointed out a few principles without which world peace could not be restored. RUSSO-GERMAN SECRET TREATY. FULL TEXT PUBLISHED. London, May 19. The full text of the secret RussoGerman military convention has been published by the Daily Mail. 500 WAR AEROPLANES FOR BOLSHEVIKS.

It reveals that the Germans undertake to supply the Bolsheviks with 500 German all-metal aeroplanes, which the Daily Mail declares are war machines, violating article 170 of the Treaty of Versailles.

AMERICAN’S IMPRESSIONS. WASHINGTON, May 18. Mr Frank Vanderlip, the New York banker, who is holding a watching brief at the Genoa Conference for the United States financial interests, cabled the Chamber of Commerce that the Conference is a clinic rather than conference. It exposes a variety of social diseases, such as fantastically excessive reparations claims and <xcessive military expenditures, causing inevitable unbalanced budgets, and boundary lines that are an outrage on the economic and ethical principles of government. The debts are so ’ asr as to destroy the hope of solvency. The United States should study a plan for segregating part of the gold reserve held to stabilise European currencies after the Budgets are balanced, but must avoid involving the United States Bank reserves. Discussion on the more important subject is prohibited. The economic significance of Russia is absurdly emphasised and vnless strong statesmanship can compel a more reasonable attitude on the part of France, the situation in Germany

will be critical. Royalist plots abound, and increasing prices promise social hardship, which may result in revolutionaiy outbreaks. Mr Vanderlip reviews the international significance of the actions of the Conference, and concludes that “the attitude of the United States Government with respect to Europe, is so eminently wise that I feel like trusting the Administration fully. We had better not embarrass it with suggestions.”

The majority of speakers at the Chamber of Commerce convention oppose the economic recognition of Russia, and assert that a settlement of the German reparations would restore world business.

COALITION CRITICISED. LONDON, May 17. Viscount Grey, in a letter to the National Liberal Federation, said that the Genoa Conference provided an example of what should be avoided to secure the end desired. A close understanding with France and the cooperation of the United States were desirable. Supporters of the Prime Minister acclaimed the Genoa Conference to his political credit, and thus created an impression that it was in some way connected with domestic politics. The chances of success were thus impaired. France was killed with distrust and the United States refused to participate. The Genoa Conference has become a sort of international gamble. A close understanding with France and the goodwill of the United States was the only sound foundation for economic and financial reconstruction. The Coalition Government was a source of instability and danger when continued long after the war.