Evening star., 1933-07-26
Tariff Truce and Public Works
Study Not Acted On by
London Par|ey.
CONFERENCE TO RECESS
SESSIONS TOMORROW
q. 5. Secretary Of State Will Plead
for Continuing Work After
Closing.
By the Associated Press.

LONDON, July 26.-Secretary of
State Cordell Hull is expected tomorrow.
the last day of the World Economic
Conference, to make another appeal for
International economic cooperation ard
Tor continuance of some work during
the recess OF the congress.
His suggestion that the recess period
be limited to three months was coldly
received yesterday by the Steering Com
mttee, among whose members q spirit
OF defeatism was said to prevail.
They agreed, however, that Prime
Minister Macdonald, chairman. could
call the Steering Committee at any tims
10 consider reconvening the conference
and that continuance of possible wori
should be arranged for.
No Action Taken
AT the bureau meeting 1t was dis
closed no action had been taken on 4
projected study Of public works schemes
or on Hull's plan for a special group to
consider tariffs and continuation of the
tariff truce.
An agreement by the five silver-pro-
ductng countries to take IS 900 900
ounces OF the metal of the market an
nually during the next four years was
completed today by Senator Key Pitt.
man of Nevada
This agreement carries out the gen.
eral silver accord under which India
has undertaken to restrict sales of the
metal from its treasury to an average
OF 35,0O0,000 ounces annually during
the four-year period
The producing countries will with
draw an equivalent amount for use for
monetary purposes, thus equalizng the
effect of the Indian sales.
While the exact amounts that each
OF the five countries is taking were not
published, 1t was reliably reported that
the United States share Is 24,000, 600
ounces. Mexico approximately 100000
ounces. Canada about 1,700 900, Peru
more than 1000, 900 and Australia the
remainder.
The congress completely ceased wo-S
today.
On the program Of tomorrow,s pie
nary session will be: First, q report of
the Monetary Commission; second, a
report of the Economic Commission;
third. report Of the conference Steer
ing Committee, or bureau: fourth, q
general discussion: the speech Of Prime
Minister Ramsay Macdonald, chairman.
The session viii begin at 10 am.
Eleven speakers are scheduled to ap-
pear, including James NJ. Cox Of Ohio.
Hull, Macdonald, Finance Minister
Georges Bonnet Of France and Walter
Runciman, president Of the British
Board of Trade.
An appeal for international action
to protect investors u expected to be
made by Cox in his final report to the
conference tomorrow as president Of its
Monetary Commission.
Lack Of Adequate Information
High American delegation circles said
the former Governor feels experiences
in international lending show clearly
the lack Of adequate information re-
garding financial affairs in various
countries.
He will urge the League Of Nations
or some continuing body Of the confer
ence to form a fact finding body to
provide full and distinterested informa-
ton.
Such action, Cox believes, not only
will protect foreign bondholders, but
will be useful to large corporations with
foreign plants and investments.
Cox, speaking as conference official
rather than as an American delegate Is
expected to discuss with complete
frankness the entire stabilization con-
troversy which wrecked the conference,
in the belief full understanding is es-
sential to the cause Of international
cooperation in the future.