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Show BUSINESS MEI OF WUHZE International Body Formed by Delegates at Trade Conference. ATXAXTlC CITY, N. J., Oct. 21. Creation of a permanent International organization or-ganization of bualneas men, whose mem-bnrship mem-bnrship sii'all bo limited to countries represented rep-resented in the league of nations, was unanimously voted tonight by 350 delegates, dele-gates, representing forty-six subcommittees subcommit-tees of the international trade conference, confer-ence, now In session here. This plan will be put before the general conference of 2000 delegates, probably Friday, and Its acceptance by that body was considered by the leaders of all aOled missions tonight to-night as a foregone conclusion. The purposes of the organization "are to promote international commerce, to facilitate facili-tate the commercial Intercourse of nations, na-tions, lo secure harmony of action on all international questions involving commerce com-merce and industry, and to promote peace, progress and cordial relations between tiie countries and their citizens by the cooperation of business men and their associations as-sociations devoted to the development of commerce and Industry." Specific items of the organization were outlined as follows: To create a permanent International headquarters which will centralize all data concerning economic subjects and social conditions, the facts relating to respective needs, present productions and future possibilities of each country, to act as an instrument of coordination which will suggest regulations and legislative measures, to facilitate and encourage the development of economic intercourse, inter-course, ) Inform public opinion through publication of facts concerning business conditions and through dissemination dissemi-nation of the views of technical experts and business men, and to put at the disposal dis-posal of all official organizations the reports re-ports and conclusions prepared by those experts and business men. An International headquarters Is to be established at the seat of the organization. organiza-tion. The membership Is to consist of chambers cham-bers of commerce, commercial organizations, organiza-tions, banking associations and similar bodies, ths votes of which shall determine deter-mine the general policy. Regular meetings are to be held once every two years and each organization represented in the membership will be limited to five delegates, each of whom shall be entitled to one vote. The plan provides for the establishment of a temporary organization by the nations na-tions represented at the trade conference, namely, Great Britain, France, Italy, Belgium Bel-gium and the United States. Business men of these nations are to appoint a Joint committee to prepare a plan for permanent organization. Sir Arthur Shirley Benn, chairman of the British mission, urged the freeing of all world shipping of government control at the earliest possible date in a meeting attended by English and American shipping ship-ping men. Sir James Hoke Simpson asked American shipping interests to cooperate with th. r-.ritlsh In cnrrvlrifr trade that was in the hands of the Germans before the war. French financial men expect to pay the market price or interest rates in making mak-ing loans in this country, the committee of American financial delegates was told this afternoon by Baron Dumarals. This statement was made after American Ameri-can representatives had explained that American interest rates are now higher than European borrowers have been accustomed ac-customed to paying and that the cost of public distribution of larger investments here would be an item that would have to be considered. Belgian and Italian financial men will hold a separate conference confer-ence with the Americans tomorrow. Cooperation between American and British metal manufacturers In supplying supply-ing the devastated areas In Europe with the metals and metal products they need was urged by Bailie John King of Glasgow Glas-gow at a meeting of the metal delegations delega-tions of the two countries. There Is a lack of labor in Great Britain, Brit-ain, he said, which Is being filled as rap-Idly rap-Idly as possible, but for the present the country is not quite up to Its prewar production pro-duction and will have to buy raw, semifinished semi-finished materials from the United States or elsewhere. "We are not now, nor will we he for some time to come," he said, "so large a competitor for world markets as in prewar pre-war days. "The social order Is certainly as stable In Great Britain," he added, "as it Is in the United States just now, and I believe our past record in stable . government Is sufficient proof of what may be expected In the future. There is no barrier to American investment in British enterprises." |