Evening star., 1933-06-16
CONFERENCE WATTS
CURRENCY DECISION
Impasse on Issue Feared,
Economic and Monetary
Groups Begin Work.
Continued From First Page.)


necessarily have to be without historic
precedent.
He pleaded for patience and under
standing of national difficulties. and
ended his brief speech with the words,
Gentlemen, let us now go to work"
Asks Monetary Plans.
The first act of business was to an
nounce the Committee on Committees,
to be composed Of officers Of the None
tary Committee together with repre-
sentatives of Great Britain, Germany,
Finland, and Czechoslovakia.
This new committee will report
Monday.
Cox thereupon announced that sew
eral governments desired to submit
monetary plans.
1--WE suggest they be submitted to the
secretary at the earliest hour, SO they
can be printed" he went on.
UNLESS there Is an objection. the
committee will adjourn so the Commit
tee on Committees may prepare for the
first meeting at $3.50 pm. today.
This committee will divide the work
on the agenda."
The Swedish delegates asked that the
speech of Neville Chamberlain, British
chancellor of the exchequer, before the
the plenary session be taken as the
basis for the discussion Of the none
tary commission.
Cox then called upon Finance Min
lister Guido Jung of Italy to make a
statement to the commission.
Signor Jung suggested that the none
tary and economic commissions Work as
independently of each other as pos
sible.
"Otherwise we would 60 on talking
forever" the italian asserted.
The committee then adjourned until
IL am. Monday, when it will receive
the report of the Committee on Com
mittees.
Action Becomes Slogan.
Chamberlain, spokesman for Great
Britain Wednesday, said economic and
monetary problems must be tackled
together and Immediately and advocated
a policy of cheap and plentiful money.
He urged also stabiliZation OF curren-
cies. settlement of war debts and repara-
tions problems, reduction Of tariff
schedules and the active employment OF
credit.
Mr.. Cox's call for action, which was
echoed by Signor Jung, represented the
conference slogan as the work began
this morning.
Yesterday brought an end to the four
DAYS of plenary sessions and leaders
were hopeful the conference would get
down to cases from now on.
Premier Collin said he planned to
draft the commissions program at once
and distribute it for study over the week
end with the commission meeting again
Monday.
He laid out the field of work as fol-
lows:
/. Commercial policies, including the
provision of foreign exchange for i'm
ports and gradual removed of prohibi-
ticns, quotas and the like.
2. Tariff and treaty policy, including
measures other than duties and prohi-
bitionS having an effect on international
commerce.
8. Coordination of production and
markets, including wheat.
f. Public works.
Collin, a famous, sandy-haired and
stocky statesman, opened the proceed
ings Of his commission promptly In
room adjacent to that used by the
monetary commission.
Warns Against Confusion.
Speaking In English with a pro-
nounced accent, he followed the general
policy of speeding up the action by
urging that there be no addresses on
general matters and that other speeches
be limited to 10 minutes.
Collin advised his committee members
to be careful not to mix up" the differ
ent subjects.
He remarked that tariff policy and
currency policy were closely connected
and added that they must start with
the assumption that the monetary COM
mission has found solution for cur
rency stabilization
Each will have to work on the
assumption that the other has succeeded,
he said.
Collins strong personality completely
dominated the session.
Maxim Litvinoff, Russian foreign COM
missar, asked how the various subjects
could be assigned to committees. Collin
replied it would be as well to leave this
matter to the discretion of the chair
He made the same answer when Wal
ter Runciman, president Of the British
Board of Trade, suggested special COM
mjttee to consider the question Of subsi-
dies.
The chairman asked that suggestions
be submitted today to enable him to
nave an agenda drawn up, which he said
he hoped would be completed tomorrow.
Members of the economic commission
met only As minutes and then adjourned
until Monday.
Guests Of Macdonald.
Secretary Hull, Senator Pittman and
Mr.. Cox will be the guests of Prime
Minister Macdonald at luncheon to-
morrow at Chequers, after which all
will proceed to Windsor Castle, where
the King and Queen will be giving
garden party for the conference dele