Evening star., 1933-07-27
ROOSEVELT POLICY !.
BACKED BY BRITISH.
Speakers Of All Three Parties
Abs0Ive u. S. in Failure
of Pariey. -.
BY the Associated Press.

BY the Associated Press.
LONDON. July Approval Of
President Roosevelt's bold recovery pro-
gram was voiced in the British House
OF Commons last night by srokesmen
OF the three principal political camps.
The debate, which turned upon the
World Economic Conference on the eve
of indefinite adjournment Of that
gathering, drew from Neville Chamber
lain. chancellor Of the exchequer, the
declaration that the pound sterling is
an independent currency, linked neither
to gold nor the dollar.
Independent speakers Of the Laborite,
Liberal and Conservative groups de-
clared the United States was not to
the economic parley.
"There was no basis on which Presi-
dent Roosevelt could stabilize the dollar
with reference to the pOund," said the
veteran Liberal chieftaln, David Lloyd
George, making one of his now rare
In the Parliamentary dis
cussions.
Says Parley II Dead.
Asserting the Economic Conference Is
dead, Lloyd George added, The prime
Is engaged in finding the best
method Of embalming it 50 Is to keep
the appearance of life after the spirit
has departed"
Cheers greeted the statement from
the Conservative member, Wardlaw
Mine. that 1t was impossible for the
United States to enter IN agreement to
the dollar.
Many speakers referred to "the great
experiment" now in progress In the
United States. Mr. Lloyd George said:
There are three experiments now
proceeding, on the success or failure Of
which the whole outlook of the world
depends-the Russian, the Italian and
the American. The American u the
most important.
I have to use the word revolution in
referring to 1t (the American). but 1t Is
Q complete transformation.
Whether President Roosevelt fails or
succeeds, he has behind him the re-
sources Of the richest country in the
world and q highly developed, highly
trained, and well-equipped Nation"
The debate was forced on the gov
ernment in order to clear up its poll
cies with regard to such problems as
currency and public works.
Refuses to Link Sterling.
Taking the floor to turn the light on
the governments currency policy. Chan
:ellor Chamberlain asserted, amid loud
:heers. that sterling will not be linked
to gold on the one hand or to the dollar
on the other"
1T Is no part Of our policy to link
our currency to another currency" Mr..
Chamberlain declared.
We must pursue our Independent
course in the interests Of this country
and the empire. This Is the Govern
ment's course and the course 1t will
pursue in the future"
The chancellor regretted the express
sions Of criticism Of the Economic Con-
ference which had been voiced by Sir
Cripps. Labor member, and
Sir Herbert Samuel, Liberal. On pub
lie works, he said the governments
policy is consistent and unchanged.
We anticipate that the work Of the
World Economic Conference will be
taken up again as soon IS conditions
are sufficiently altered to enable this
to be done," Mr.. Chamberlain said.
so far as currency IL concerned, we
shall follow our own course independ-
emily of other countries. As regards
public works. we must be guided by
the practicability Of the schemes put