Evening star., 1942-06-28
Delegates Arriving
For r|nter-American
Economic Farley
WeIIes TO Be Keynoter
At Conference Here
Opening Tuesday
By HAROLD b. ROGERS.

As distinguished delegauons OF
finance ministers, heads Of central
banks, and technical experts from
the other American republics con-
tinued to arrive over the weekend,
plans were being put into final shape
for the first Inter American Con-
ference on Systems of Economic and
Financial Control. to open Tuesday
at the Pan American Union.
Under the agenda for the con-
ference, which was authorized by
the January meeting of Foreign AZ
fairs Ministers at Rio de Janeiro,
two different committees will be set
up among the delegates. One will
consider international transac-
tons" the other domestic transac-
tions," as protection against Axis
influence.
The first and last sessions of the
conference will be public meetings,
but the intervening technical ses-
sions; under present plans probably
will be behind closed doors, unless
other public sessions ARE agreed
upon and so ordered by the dele
gates The conference may last
about 10 days.
Republics Each Have One Vote.
Each OF the 81 republics will have
put one vote. regardless of the size
OF their various delegations.
proposals, reports, and projects"
IL Is provided in the agenda, shall
be considered approved when they
nave obtained the affirmative vote
OF an absolute majority of the coun-
trles represented at the respective
meeting"
Inc conference is only one of the
several new er-American deyel-
opments which have grown out of
the second World War to helm the
American republics present a more
united front to the aggressor ma
lions OF Germany, Japan and Italy.
authorized specifically by the Rio
conference of Foreign Ministers,
tnls new gathering is operating m
DER sponsorship of the Inter-Ameri-
can Financial and Economic Advis-
DRY Committee. This committee was
set up IN 1889 and has been repu-
larry functioning since the outbreak
OF the second World War. At its
headquarters in the Pan American
Union, this committee, headed by
onoersecretary of State Welles has
oeen holding regularly scheduled
meetings and has prepared a com
prehensive background of data
which according to experts. should
provide much material of value for
the forthcoming meeting.
Welles to Be 'Keynoter.-
Mr.. Welles, who will deliver the
opening keynote" address to the
conference, and Dr.. Leo S. Rowe.
director general of the Pan Ameri
can Union, who will welcome the
oeIegates, will be followed bv
spokesman for the Latin American
group. This spokesman will be Sc
lected at a preliminary meeting of
the delegates tomorrow. There was
no ofnclal indication today as to who
this spokesman may be.
problems to be considered bv the
conference, involving the severance
OF commercial and financial ties be-
tween the Western Hemisphere and
the Axis powers, are considered bv
officials to be virtually parallel tn
the vital issues of breaking diplo-
matte relations with the Axis, which
absorbed major public attention at
the Rio conference.
BY the terms of two financial and
economic resolutions at Rio, it was
explained last night by one official,
economic intercourse between the
American republics and the Axis
powers is to be cut; and transac-
tons by nationals of Axis states.
likely to benefit members of the tri-
partite pact Germany, Italy and
Japan are to be placed under rigid
control and supervision.
Other inter-American measures
have been adopted to meet economic
problems arising out of the war.
Inc 1nter-American DEVELOPMENT
Commission has set up national
commissions in each of the Latin
American countries and is espe-
clally interested in the development
OF new industries in each country
for which there may be markets In
the other republics.
Commissions Duties.
The Inter American Maritime
Technical Commission, created only
few months ago, is designed pri-
marily to supervise the operation of
the immobilized vessels taken over
in ports of the American republics.
The Office of Co-ordinator of Inter-
American Affairs and the Board of
Economic Warfare have wide au-
thority and operate extensively in
Latin American affairs.
Over all the American representa-
tives in these agencies, the State
Department has exercised a guild
ing hand. though allowing to some
far-reaching autonomy, within the
limits of the general international
policies laid down by the admin
istration. The Inter- American De-
tense Board recommends defense
measures.
The new program of international
solidarity in the economic sphere
aimed at by the Rio conference.