New Britain herald., 1922-05-03
Financial Reconstruction In Europe Depends On Support Given By the United States
Disarmament Question Now Brought to Fore, But is Not Given Consideration.

Genoa, May (By Ass'd Press)- The economic conference at its second plenary session today adopted the re- ports Of the financial and transport commissions. The session, which last cd 2ie hours. brought renewed men, tioD o' the disarmament question by the foreign ministers of Russia and Germany but the subject was not gen. eraily discussed.
 4@e Russian question and other political subjects were not touched LPoh but the necessity fer participa- ron in any rehabilitation of Europe "as repeatedly man,ionea in the de- base In connection with the finan- cal report, adopted l., the confer- eAre, Sir Lan1ing Worthington- Evans of Great Britain and other delegates emphasized need of obtaining Amer icah support for European financial reconstruction.
 After the session, Premier Lloyd George declared the work of the two commissions as set forth in the re. port represented very material con- trlpuuon toward the reconstruction of Europe. It was satisfactory to note, he remarked the way in which all the powers had accepted, in such rapid. business like fashion the far- reaching resolutions of the two com. missions
 Genoa. May 3. (By Associated fress s)-Ihe second plenary session ol the Genoa economic conference opened at 10 o'clock this morning.
 The Belgian delegates were in at- tendance as the meeting will not touch upon the Russian memoran- dunn with which they had disasso- ciated themselves.
 The Russian delegates arrived just alter Premier Facta of Italy as chairman. opened the meeting.
 Richard Washhrrn Child, Ameri- can ambassador. was among the wis., itors.
 The meeting was for the purpose Of adopting the reports of the A. nanclal and transport commissions involving in no way the political dis putes relating to the Russian ques- ton. ...
 Financial Reports.
 Sir Laming Warrington Evans presented the financial commissions report which he termed as important to the world as was the Justinian code. Stabilizing of the purchasing power of gold cannot be accomplish ed without American cooperation, he said
 The financial report contains 1s resolutions among which is recom- that the Bank of England call a meeting of the central banks of issue to regulate credit policy and study currency reforms. The resolu- lions also urge an international f- nancial convention to centralize and coordinate the demand for gold which should be adopted as the standard for European currencies.
 The financial report was adopted, and at 12:15 o'clock the conference passed on 10 the consideration of the transport commission report.
 Disarmament Again Up
 The disarmament question bobbed ID again in the address of Dr. Walter tathenau, the German foreign min- ster made on the financial report.
 He said the worlds trade must be ioubled before conditions could be ,ettered but that this could not be lone while the nations were jumping t each others throats." The subject f disarmament also was brought up " Premier Tchitcherin of soviet Rus ia.
 "Only hy a policy of peace can the ations balance their budget he de- Jared in a plea for general disarm- ment,
 The Russian foreign minister's re- marks were made in discussing the nancial report. He said Russia must lsist upon reservations to this report S it carried provisions concerning he league of nations, which Russia id not recognize He added that tussa could not agree to renounce control over exchange op- raticns.
 The report of the transport com- lission was adopted at 12:So o'clock nd immediately afterward the con- arence adjourned.