ADJOURNED

Waihi Daily Telegraph, Volume XXX, Issue 8495, 29 July 1933, Page 3

ADJOURNED

WORLD ECONOMIC CONFERENCE

STATEMENT BY PRESIDENT HOPEFUL FOR FUTURE Australian ant- N. 7. Gable. LONDON, July 27. The World Economic Conference, which was opened amid such high world-wide hopes by His Majesty, King George, nearly seven weeks ago, reached the final plenary meeting to-day. The conference closes with all the hopes of quick international panacaes completely dissipated. Nevertheless, the outstanding note of the final session was a fonvard view to the continuation of efforts in the future, when conditions are more favourable. The president, Mr Ramsay MacDonald, said: “At this point we adjourn, not because we are defeated or discouraged, but because the committees require a little longer to continue their deliberations and consider their conclusions. “The impossible we cannot perform, but w'c are convinced that there is a very large field of possibility which has not yet been explored and cultivated. ■ I bid you adieu, in the firm conviction that before many months I shall welcome you onco again.” “You will, therefore, pass to-day a resolution keeping the machinery in being, instructing the bureau to remain in active life, and, so that iis activity may be more vital, the bureau will appoint as an executive committee the various chairmen and rapporteurs who have been guiding the w'ork since the conference opened.”