Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-23
Powers Are Ready
to Act to Restore
Confidence.
INQUIRY PLANNED
ON FUTURE NEED
Conferees Call Program
Basis for Permanent
Relief.
Nv the Associated Press.


LONDON. July 23.-Renewal OF
short-term credits maturing in the next
few weeks and measures to establish
confidence in Germany so that eventual
,long-term credits will be possible were
approved by the seven-power confer
ence on Germany's situation at the con-
clusion of its work this afternoon.
The meeting was adjourned with
round of speeches in which the heads
of the various delegations expressed
their appreciation of the spirit OF
friendliness which pervaded the con-
ference, and later there was an official
communique which said "the govern
ments are ready to cooperate so far ss
lies within their power to restore con-
fidence."
There was, however no disgusting the
gravity Of the German representatives
as they left the conference room.
Bruening Keeps Silent.
Chancellor Bruening declined to make
any statement, and while Foreign Min
is.er Curtius was officially hopeful,
other members of the delegation re-
marked privately that the conference
had only tided Germany over the I'M
mediate future, and the contingencies
CT the next few days may renew the
crisis.
Besides the resolution extending the
500. 600 COO Central Bank credit, which
natures August 16, and another recon-
mending that concerted measures he
taken to maintain the volume OF credits
already in Germany, there are two other
phases of the meetings final report.
The first of these Is the recommenda-
ton that the World Bank. at Basel, be
invited to set up Immediately COM
mittee of representatives OF the Central
Banks to inquire into the immediate
further needs of Germany and to STUDY
the possibilities of converting part OF
the short-term credits into long-tHrm
credits.
Visions Permanent Action.
The second phase is an expression OF
commentator for the guarantee re-
Gently placed at the disposal OF the
German gold discount bank by the
leaders of German industry and finance.
THE conference considers that If
these measures are carried through.
says the official communique, they will
form a basis for mole permanent &C
ton to follow"
simultaneously with issuance Of the
communicate the British foreign ONCE
put out a statement that the committee
of Young plan experts assembled to
adjust that instrument to the Hoover
moratorium would proceed with elabora-
ton of detailed measures to give effect
to President Hoovers' proposal for a
one-year suspension OF mter-govern-
mental debts.
Secretary of State Henry L. Stimson
announced today that he would leave
for Berlin shortly after the German
representatives depart tomorrow. Sec
rotary of the Treasury Andrew w.
Mellon is not going to Berlin, he said.
Foreign Secretary Arthur Henderson
of Great Britain will go by train, prob
ably Sunday, and Prime Minister Mac
Donald will fly over on Monday.
Delegates to Attend Party.
A member Of the German staff said it
was hoped that these statesmen might
be convinced during their visit to Ber-
lin of the seriousness of the German
emergency.
This afternoon all the delegates will
attend the Royal garden party at Buck
ingham Palace.
The French representatives will go
back to Paris tomorrow and the Belgians
will leave tonight with the Germans.
The German delegates, looking very
grave, were the first to leave the for
eign office after the concluding session
of the conference
Prime Minister Macdonald, discussing
results of the conference, said: I'VE
are very well pleased. An agreement
between seven powers is not easy to
get, but it has been reached and it will
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