Evening star., 1933-04-19
.DUCE URGES DEBT
PAYMENT IN GOODS
MussoIini Says Obligations
Cannot Be Settled by
Transfers of Money.
BY the Associated Press.

BY the Associated Press.
ROME, April 19-Premier Mussolini
suggested the payment Of international
debts with exchanges Of goods or serv-
ices in q speech today at the inaugural
meeting of the Interparliamentary Com
mercial Conference, presided over by
King Victor Emanuel.
The meeting was attended by numer-
GUS notables, including Capt. Hermann
Goering, Nazi minister without port
folio in the cabinet OF Chancellor Adolf
Hitler. who has been conferring with
the Pope and the Italian premier.
"A good sign is the recognition that
Is being reinforced everywhere that 1t
is not possible to pay international debts
merely with transfers Of money" the
premier said, but that the debts them
selves must be paid above all with ex-
changes Of goods or services"
Complex and Delicate.
Signor Mussolini who spoke at the
capitol said that the question was
lone Of the most complex and delicate
because II embraces problems Of an
economic and financial nature not only
as regards debtor countries but also
creditor countries
The opinion Of II Duce was regarded
as most important here because his
pronouncement was made less than a
week before the departure Of Finance
Minister Guido Jung, the Italian dele
gate to the preliminary world economic
conference at Washington
A better international economic sit
uation depends upon better political
situation, the premier assured his
hearers.
Solution Of the economic problems
you are called to discuss" he said, rs
conditioned on reaching a better po-
litical atmosphere, toward which all
statesmen in every part Of the world
are working, and on arriving at q
profound comprehension Of the prob
lens and difficulties of others by the
men who direct the economic destinies
of the various countries"
Opposed to Quotas.
II Duce said that Italy was opposed
to quotas on imports and restrictions
on foreign exchange which raise q
heap of obstacles to commercial move
ment, contracting its volume notably
and creating a harmful disequilibrium
between internal and external prices"
He said Italy adopted such measures
only with modest limits because she
was forced to do so by other countries
Speaking on the disparity between
wholesale and retail prices, Signor
Mussolini remarked that the "contin-
uous and progressive decline In prices
disorganizes production and produces
reduction in the purchasing power
Of the various countries"
Every reduction in sales" he con-
tinued, "is a step toward stoppage Of
productive activities and therefore q
greater stimulus toward unemployment,
while, on the other hand, it places
debtor countries in condition where
they find ever greater difficulties In
satisfying their obligations.
Jung Attends Meeting.
I'VE believe that to get out Of the
vicious circle in which we find ourselves
it is necessary to work simultaneously
in various fields-that Is the fields Of
credit, production and commerce"
Referring to the problem Of economic
reconstruction in the countries Of Gen.
trail and Eastern Europe, the premier
said:
Italy is inspired by the principle
that above all it Is necessary to pro-
vide adequate liquidation Of the past
on the financial terrain, monetary re-
habilitation and assistance to the eco
nomic-agrarian field"
Finance Minister Jung was In the
audience.