Evening star., 1933-02-09
Empire Considers 1t Only
Practicable World Basis,
but Insists That Definite
Conditions Be Met First.
PARLEY DUE TO OPEN
IN LONDON NEXT JULY
Experts List Six-Point Recovery
Program, Embracing Credit,
Prices, Flow Of Capital, Trade
Barriers, Tariff and Organization
of Production.
BY the Associated Press.

BY the Associated Press.
LONDON, February 9.-Roused
to new hope for the return of
prosperity, the nations of the
world have been assured by Prime
Minister Ramsay Macdonald that
the World Economic Conference
will be held at the earliest posi-
BILE moment.
A survey by Associated Press
correspondents stationed in the
various European capitals shows
that the Conference Preparatory
Commission, with its work just
completed, has focused attention
on six-point program for re-
covery.
League of Nations officials al
ready have arrived in London to
discuss conference arrangements
with the British government.
That Mr.. Macdonald will pre-
side over the first assembly of it's
kind in history, with the sessions
starting In July in old st. James
Palace, Is likely unless new and
unexpected move is made to shift
the conference to Washington.
The World Economic Conference win
bring to London from more than SO
nations host of famous men and
women, not only bearded scholars,
high-brow economists and worried A.
nanciers, but also picturesque national
figures.
Adolf Hitler To Attend.
Adolf Hitler. who sits In the chair
of Bismarck, will come for the cere-
monial opening, according to word from
Berlin, but there Is not much prospect
Of a general mastering of dictators.
Joseph v. Stain and Benito Mussolini
viii assign the Russian and Italian
interests to special ENJOYS.
1t will be Mr.. MacDonald's task to
put the delegates face to face with
the troubles Of the world as catalogued
by the preparatory experts under six
formidable headings as follows:
1. Monetary and credit policy.
2. Prices. sEio- ae
8. Reumption of the movement OF
capital.
4 Restrictions on international
trade.
S. Tariff and treaty policy.
6. Organization of production and
trade.
These cover the whole range of COM
plex problems from the gold standard,
silver questions and trade barriers to
river and land transport and what Is
to be done for farmers the world over.
As yet individual countries have
made only preliminary plans but they
reflect the trend Of national hopes.
Debts Held Key TO Recovery.
To Britain as the host, the World
Economic Conference means an oppor-
tunity for building a new world econo-
mic structure ON the corner stone of
the Anglo American debts conference
In Washington next month. War debts
are not the cause of all the world S
ills but they are the key to recovery,
according to the British view, which
makes their satisfactory and final set
tlement all the more essential If the
World Economic Conference is to be
successful
Britain considers that she is taking
the world view in the present crisis and
accepts the opinion of experts that the
gold standard provides the only practi-
cable international monetary system.
But she insists that definite conditions
of world recovery must be fulfilled be-
fore Britain returns to gold.
France will stand shoulder to shoul-
dav uyifl1 fta Iy,if I,
Britain return TO the gold standard, and
will espouse a currency stabilization
fund to enable the recovery of Central
European countries as outlined in the
recent conference at Stresa, Italy.
France also will advocate a public
works program and mild tariff reform
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