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S Invited to toW W Money Meeting Reparations Tariff Rates and nd Debts Will Not Be Discussed Discuss d SILVER MATTER INCLUDED Am America rica Prepared to t Accept Summons Br BJ Associated Asso c at d Press Freis WASHINGTON July 30 An 30 An invitation invitation tation to the United St States tes t to attend th the pr proposed po ed monetary one ry and e economic conference has been received by the state department from the British em cm- bass bassy It provides that reparations d debts and tariff rates are not to be discussed at the parley The invitation says sas that among the monetary matters to be discussed is the question of silver No time or place for tor the conference was given The United States was was invited to name a member of the organizing committee at Geneva which which-is is arranging arrangIng ing for the conference This country country coun coun- try also was advised to name an economist economist mist and a financial expert to assist the preparatory committee drawing up the he program The state department has already indicated it would accept such a con can conference eon eon- ference invitation provided that debts and tariffs tariffs' were not on agenda SENDS INVITATION The counselor of the British embassy sy D. D G. G Osborne transmitted the invitation to Secretary Stimson under undera a letter dated July 28 It s said id These invitations are extended ex cx- tended on on the und understanding that the question of reparation reparations of debts and of specific tariff r rates tes as distinguished distin 1 from tariff p policy will be excluded d from the scope of the con conference ference and that among th the monetary ril matters within its scope scope will be the qu question stion of silver sliver I The note inviting the United States to participate in th the organizing committee com corn was also dated at the British embassy in Washington July 28 and signed by Counselor Osborne Th The invitation n to the United States to participate in preparatory committee commit commit- tee work was dated at 10 Downing street London July 13 and signed by Prime Minister J. J Ramsay MacDon MacDon- aid as president of the Lausanne conference EXPLAINS CONFERENCE It U will be observed that the conference con con- fer ference nce decided that the league of nations should be invited to convoke a conference on monetary and economic economic eco ceo questions it said and that the preliminary examination of these questions should be entrusted to an authoritative committee of experts on which the governments of Germany Belgium France the United Kingdom Italy and Japan were each invited to appoint two representatives one qualified to deal with economic questions questions ques ques- the other qualified to deal With financial questions The conference further resolved to invite the government of the United United United Unit Unit- ed States of America to be represented represent represent- ed on the committee on the same basis as the as-the the governments of ot the states mentioned men men- tinned above Commodity Prices Stressed at Parley OTTAWA July 30 A 4 P A A general agreement that the most necessary task of the imperial trade conference confer confer- ence is to boost the general price levels of basic commodities pervaded every special committee tad today a The committee on monetary and financial questions brought the question ques tion to a head after 24 hours of talk I As long as it takes twice as much of ot any commodity to pay off oU a debt as asit asit it did when the debt was contracted the committee decided there could be beno beno beno no basic stability of money trade or tariffs tariUs or any attempt to equalize values The committees committee's announcement came almost simultaneously with reports reports re re- re ports that Canada and Great Britain were believed to have agreed in principle prin prin- ciple on a wheat preference plan One Ottawa newspaper definitely announced that the Canadian government govern ment had demanded a preference tariff tar tar- iff rat rate of or 4 cents a bushel hi in British markets and that it would make no no deals all unless it got it The market for Canadian wheat in Great Britain would at best be nomore no nomore nomore more than bushels a year and with normal production I that w would uld leave leaveat at least O a year that Canada would have to sell in other other- markets WASHINGTON July July 30 Sena JP fp Senator Sena Senator tor Borah of Idaho will carry cairy forward his tiis campaign n for lor a world economic conference in Ina a speech next Wednes Wednesday day night at Minneapolis under nonpartisan nonpartisan non non- partisan auspices The Idaho senator who is chairman of the foreign relations committee would have war debts and reparations considered in the economic conference conference conference confer confer- ence as wen well as monetary problems and there are indications the state department department department de de- de- de is looking favorably upon his proposition The government Is understood on Capitol hill bill to be demanding disarmament ment meat by Europe as a a apart part of the pro pro pro- gram ram To this Borah Borab is in agreement Because the proposed Geneva parley parley par par- ley Icy on finances does docs not include war warI debts and reparations in the agenda political leaders here are not taking it seriously r |