ADJOURNED

Waikato Times, Volume 114, Issue 19009, 28 July 1933, Page 5

ADJOURNED

WORLD CONFERENCE.

FINAL PLENARY SESSION.

SPEECH BY MR MACDONALD,

EARLY RESUMPTION EXPECTED.

(Omcial Wireless.) (Received July 28, 12.15 p.m.) RUGBY, July 27.

At the concluding plenary meeting which brought to an end the present session of the nations* monetary and economic conference, 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. “ You will therefore pass today a resolution keeping the machinery in being, Instructing the Bureau to remain in active life, and so that activity may be more vital the Bureau will appoint as an executive .committee the various chairmen and rapporteurs who have been guiding the work since the conference opened.

“As president both of the Bureail and of the executive committee, I promise that this work will be done as quickly as possible. I can give no dates, for the essential part of the work Is to be intricate and a number ftf opposing views and proposals will have to be “ We share the view that the condition of things which We are facing —-unemployment, bankruptcies, unbalanced budgets, and undeveloped resources —is a challenge to wisdom of man and very largely to the 'capacity of governments.

“ The Impossible we cannot perform, but we are convinced 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 l shall welcome you once again.” .