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Future op the Conference. Many of these questions have been reserved for further study. The Conference adjourned on the 27th July in the expectation that it would be called together again at some later date. The Bureau of the Conference remained in being, and certain of the committees are to continue their work. It appears unlikely, however, that so large and so representative a Conference will assemble again in the near future, and it might be unwise to call it together until a much more substantial measure of real agreement exists amongst those countries whose position makes them the leaders in world affairs. Consequent upon the resolutions adopted by the Conference in its closing session on the 27th July, the Bureau took the following resolution : — " The Bureau— " Authorizes its President, Vice-President, Presidents, Vice-Presidents, and Rapporteurs of Commissions or such persons replacing them as their respective Governments may nominate, to act during the intervals between the meetings of the Bureau as its Executive Committee. " Authorizes the Executive Committee— " (a) To take measures in the light of the development of the monetary and financial situation for the resumption of work on the questions which the Monetary and Financial Commission has had before it; " (b) To arrange for the execution of the proposals of the sub-committees of the Economic Commission and generally to take all measures which conditions permit in order to further the work of the Economic Commission. " The Bureau has, moreover, authorized the Executive Committee to constitute, at a suitable moment, a sub-committee for the purpose of studying the question of public works, in conformity with the letter addressed bv the President of the Economic Commission to the President of the Conference on July 14th, 1933." In addition, it is proposed that work should be continued upon a wide range of questions already opened up by the Economic Commission. British Dominions Agreement. During the whole of the time that the Conference was sitting the delegations from the United Kingdom and from the British Dominions were in constant consultation. About the time when the currency stabilization programme was abandoned, the representatives of the chief Gold Bloc countries —France, Italy, Belgium, Poland, Holland, and Switzerland —issued a press statement affirming their intention to maintain the free functioning of the gold standard in their respective countries at the existing gold parities. Towards the end of the Conference it was felt that a statement of monetary policy was required from the leading countries in the sterling area. In consequence, an agreement upon monetary policy was drafted and signed by representatives of Great Britain and the British Dominions. This document was published as a statement of sterling policy. A copy is attached as Appendix 4 of this report. Other appendices attached present reports of various addresses delivered to the Conference which may be of special interest to New Zealand. The appendices are arranged in the order in which they were delivered : — (1) Opening address of the President of the Conference, the Right Hon. J. Ramsay Mac Donald. (2) Opening address on behalf of the United Kingdom delegation by the Right Hon. Neville Chamberlain. (3) Opening address on behalf of the New Zealand delegation by the Right Hon. G. W. Forbes. (4) Agreement on monetary policy, published jointly by the United Kingdom and the British Dominions delegations.

3—A. 6.

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