Salt Lake Telegram | 1932-06-03 | Page 6 | Discussion of Debts Issues Held Certain

DISCUSSION OF DEBTS ISSUES HELD CERTAIN Inclusion of Problem in World Parley Seen Essential by British m Dr Br Associated LONDON June 3 3 It was indicated in authoritative British quarters today today today to to- day that this country considers war debts and reparations to be bound up closely with the program of a proposed pro posed world economic conference in which the United States would participate par after aUer the meeting on June 16 at Lausanne This source referred to a statement by Neville Chamberlain chancellor of the exchequer which was published published pub pub- today pointing out that such an expression by a cabinet member usually may be considered to be an expression for tor the government Mr Chamberlain said I am sure that such an economic conference as is proposed should have havethe havethe havethe the widest possible program because it is exceedingly difficult to separate the factors involved and to say that any o of them can be dealt with successfully success success- successfully fully while others are ignored Monetary policy polley is only one of the factors To obtain relief monetary policy must be accompanied b by renewal renewal re re- newal of confidence and renewal of confidence is bound up with the so solution lution of such difficulties as reparations reparations war debts excessive tariffs quotas and other restrictions on trade The Lausanne conference I hope will ease the way to final settlement oC or reparations and war debts But that is not enough It is a first fast step but it must be followed immediately immediately im im- im mediately b by examination of the wider problems which II I I have men men- The program for the proposed economic economic eco conference is a subject for conversation conversation con con- between the interested p pow powers w. w ers but is still vague and indefinite France and Italy were consulted yesterday yesterday yes yes- esterday es and Belgium Germany and Japan today