Evening star., 1933-06-13
|DALAD|ER OFFERS
THREE-PO|NT PLAN
Urges Currency Sterilization,
Economic AcCords and
Public Works.
BY the Associated Press.


LONDON, June 13-A three-point
program to pull the world out of its
slump was proposed by Premier Edouard
Daladier of France at today's session
of the World Economic Conference.
He called for currency stabilization,
economic accords and huge public works
schemes. The French premier and Wis
count Kikujiro Ishii os Japan were the
only two major speakers of the morn
ing session who did not discuss the war
debts.
Il have the duty in the name of the
French delegation to say few words
on the world crisis and the remedies
we sincerely feel to be most eficacious, I"
Premier Daladier said
THE vast halls of the London Geo.
logical Museum are insufficient to hold
all the books. pamphlets and diagrams
that economists have made on this
horrible crisis.
Agriculture Hard Hit.
"Two-thirds of the worlds popula-
ton live from agriculture and raw ma
terialS. The prices of these products
fell brusquely in few months to half
and sometimes two-thirds their value.
How are these millions of farmers sud-
denly deprived of their purchasing
power going to continue to be the
clients of industries and banks?
In addition, during and after the
war, humanity, attracted by false
credit miracles, was seized by fever
of mass production without regard to
real ability to consume. Humanity
rushed blindly toward profit up to the
day when these gigantic pyramids of
imitation. erected without any regard to
reality, fell.
This is the reason why we feel it
necessary to put an end to monetary
war and instability of moneys, and to
give commercial exchange the indis-
pensable guarantee of monetary Sc
Curity.
The maintenance or re-establish-
ment of liberty of gold movements ap-
pears indispensable to us. How are you
going to re-establish the circulation of
goods and conclude economic accords if
the measure OF values remains depend
ent on caprice or hazard? What would
you say of the engineer or architect who
used an elastic yardstick?"
The premier said it was necessary
to organize controlled entente among
producers in order that their activities
may be adapted to the actual powers of
consumption.
Favors Public Works.
Already" he continued, agreements
nave been concluded between various
national industries for some products,
such as steel and chemicals. It is neces-
sary to generalize this method and to
extend 1t to the principal agricultural
products.
I'VE believe this work must also he
completed by a big effort toward organ
ization Of labor, notably by the adop-
ton within international framework of
a reduced working week, for example
week of 40 hours"
M. Daladier said that the third point
in the French program was a public
works scheme.
Experience has shown that great
public works programs mobilized idle
capital and eased international activ-
ity," he told the conference. 1.-THE In
Labor Off1ce has drawn up
vast scheme which we consider worthy
of the consideration of the govern
ments.'' :
He finished with plea for interna-
tional collaboration.
These are ideas which we feel just"
he said. To-day all too often govern
ments work at cross purposes. We must
on the contrary harmonic order and
avoid economic war, which would end
as war by armies, by peril to civili-
zation.
Dragged together toward the abyss.
the peoples of the world will find relief
only In common action to restore
universal confidence by free and loyal