New-York tribune., 1922-04-04

sAow his real strength than did the
Cambridge crcw which padded UP che
Thames ili front o. the ssruggiing Cx-
ford eight last Saturday.
The Premier pictured tho present
state of Europe as melancholy in sbe
extreme. international trade. he said,
had been disorgenized, exchange based
oa currenc, had become almost worth
Sess aad vas& areas upon which Europe
mad depended for supplies Of raw rae
terial had been destroyed for all pur-
poses OF commerce. Great arnie: were
ready TO march and the rat,ons 81.
ready ovcrburdened by taxation we're
racing an additional weight TO niEin-
tain these armies. To remedy this
situation, re said, tho nations had.
been invited 20 send delegates TO
Genoa. He contendcd that 10 frosh
limitations had been placed or the
scope Of she conference since the plan
was first conceived at Cannes, an6
argued that Genoa was not the place
70 reconsider the alteration of bounSa-
Iies fixed by the Supreme Council or
TO change the reparation terms Of the
Versailles Treaty.
Burden Merely Shifted
Cheers greeted the prreinisr when no
seid: "If you utter the treaty yen
don't wipe out the repsrations, You
simply transfer the burden from Ger
many TO france and this country and
the United States, but In the main 20
rance. But Il we insisted upon the
yayment ROW from war exhausted
country IL would precipitato crisis
which would by 10 means be confined
20 Germany. Germany's ultimate ca
pacity TO pay mus. not be Judged BY
her capacity at this moment, when in
common with other countries of EuYopc
she IS struggling to recover FROM The
exhaustion of war"
Further cheers greeted the Premier
when he declared that he did not think
;air to ask France to sit in con
Russians and neutrals could discuss
separations and force her 90 submit 70
their judgment.
LONDON, April (By The Associated
}Aress) Before voting confidence in
the Premier the House OF Commons by
vote OF 379 TO 64 rejected the Labor
ste amendment to the government S
resolution OF The Genoa conference.
tlynes, Labor mem ber, read:
while approving of On interuat oral
economic and financial conference, this
House regrets that the scope Of the dis
cussions at Genoa has been SO circun,-
acribed that the conference must fail
short Of & settlement Of the political
md economical evils which aftect
Europe, and il is Of opinion t,.as the
government which clearly has not the
confidence Of the country and which Is
Irresponsible Tor & policy whose nnfortu-
nate effects ere to he considered at
Genoa, is not competent TO represent
this country
TRADE Vital 10 Britain
One Of the most essential prob or. g
20 be dealt with 81 Genoa, said Lloyd
George in his speech, was the restora-
ton Of the machinery Of international
trade. He edduced some figures on this
trade, pointing out how vital it was 70
C1reat Britain, and continued:
"Ono o. the FIRST things tina. will
have TO be attempted at Genoa !s the
restoration of exchanges.'
Exchanges, continued the Prem:er,
must be stabilized at Il uaintainable
GgUre, which must therefore be consti-
tuted OIL q reliable basis of interna-
rionai commerce. The nations rnust &c
laduced to balance their budgets, as
otherwise the cuTrency would be de-
based and the divergencies in exchange
Decone wilder. This was g inatter. he
aeiG, where pressure could bc exercised
by an international conference OF the
leading ministers OF TIE various ma
tons.
Vast areas upon which Europe
hitherto had depended for q large pro-
portion of Its food supplies and raw
Materials had been destroyed for all
purposes OF comu1erce, continued thc
refnler. ara tho nations, instead o.
o-npe rating 20 restore these areas. lad
heen divided by suspicious, tae creation
- difficulties aud new artificial rostrie-
ttons. Great armies were ready to
roarcn, and uutions slreedy overbuy-
Ienet with taxation had to bear the
add5tionai taxes involved in The yaa;n-
tcnance Of these huge srrnamer IS which
mad been accumulated TO provide
N>gsinst suspected dangers.
Purpose OF Conference Stated
Inc Genoa conference had been su7r-
1io0ed to Examine into the best methods
% restoring order out Of this welte.
1snc recovering prosperity out az thia
tlesolation, the Premier went On.
The Premier argued that the cordi-
tlon o. Europe never would be re-
stored Il the nations proceeded or the
assumption that If the conferenc co
Jailed 70 achieve everything it there
fore was failure. Addressing his
opponents, especially the Labor party
the Premier advised them ret TO tic
their hands in advance by adversely
criticiZiug conferences, adding thai
this government would not last for-
ever.
Dealing with the constant rurl OPS
tuat Russia vas preparing huge arm.
IS 10 overrun Europe, etc, Nj. Lloyd
George 2rgued that it was impossible
30 learn what Was happening IN ,"that
'mnenetrabie jungle" but that Il
trade we're opened with Russia the
ioreign traders there would knew and
voUl1 hot stay if the ruu?ors we're
CNue.
Moreover, he continued. thcee wild
rumors were used as an excuse and q
justification Tor the huge armies Of
other countries which never would be
reduced u..t;l there was European
peace.
Delay Held Too Costly
Lloyd George contended that tie
world could not afford to wait indef.
nitely Cor peace, and, besides, one could
not be assured that the replacing gov.
ernr.ent would not nc still worse and
perhaps 3 mihtaristic government cna.
broiling the whole Of Europe.
In concluding his address the Pre-
nlier said:
"lt is our business and our dutv 50
soek the establishment Of peace IN the
whole of Europe, so chat we may deal