GENOA CONFERENCE.

Waimate Daily Advertiser, Volume XXIII, 22 May 1922, Page 5

GENOA CONFERENCE.

FOUNDATIONS OF WORLD PEACE. Press Assn. —By Tel. —Copyright. GENOA, May 19. Mr Lloyd George, speaking at a luncheon with the Italian and AngloAmerican journalists after the Conference, thanked Italy for the excellence ivqi pappu pus it had been the best conference yet held. It laid the foundation and erected the pillars of universal peace.” “I hope America will help democracy to complete the shrine of peaee Britain is prepared to extend every facility within her power in order to supply raw materials for Italy. “Europe needs a stronger and more prosperous Italy and Anglo-Italian interests are both for peace.” ECONOMIC POSITION.

Dr Rathenau said the total debt of the different countries was too big for these countries. Creditors were unable to discover how much they will receive or debtors how much they will have to pay. There was no country except that Great Republic which owes money, which can balance the budget, or ie able to stabilise exchanges. The country which owed money to others should be able to pay in goods, not in gold, otherwise the problem of the re-estab-lishment of trade would be impossible. Above all confidence would not be restored until true peace was reestablished. Until now demobilisation had not even been proceeded with to any great extent. Dr Rathenau was warmly applauded.

SOVIET FEELINGS MOSCOW, Mny 20. The Soviet organ “Isvestia” blamed France and Mr Lloyd George for the poor results of the Genoa Conference. It was only needed to menace France with a breach of the Entente to cause, her to yield. A NEW ENTENTE. LONDON May 20 Sir Francis Bell represented New Zealand at the final plenary' sesston of the Peace Conference. Mr Lloyd George, addressing the British-American and Italian journalists referred to the cordial relations existing between Britain and Italy. Britain was prepared to assist Italy in every way, especially securing a supply of raw material. Mr Lloyd Georges’s recent utterances: in Italy indicate the probability of the two countries forming ap. entente.

It is significant that no French Minister met Mr Lloyd George during his brief stay in Paris, where he did not leave his railway carriage. NATIONS TREATING. PARIS, May 20 The “Petit Pariaien” states that during the stay at Genoa M. Benee arranged a treaty alliance for 20 years between Czecho-Slovakia and Roumania and the Kingdom of Serbs, Create and Slovenes. ITALY AND RUSSIA. ROME, May 20. It is announced that an agreement has been concluded under which Italy will. build and staff aviation bases at Odessa and other parte of Russia, supply aeroplanes, and pitots, and will arrange flying routes.

SWEDISH R3PBCTION. COPENHAGEN, May 20. It is reported that the Swedish Parliamentary Committee rejected the Government’s proposal for a RusecSwedish trade agreement.