Show A ft AMERICA T REJECTS STABILIZATION t ON PLAN PLAN t. t WASHINGTON NOT PLEASED WITH TERMS U. U s S. S Declares Self Willing Willingto to 10 Study Acceptable Pr Proposals posa ls EXPERTS REACH ACCORD London Delegates tes Guests of ol British Royalty I If f fly y A Prill Prell WASHINGTON June 17 Euro 17 Euro European proposals for a temporary stab- stab of currencies were said authoritatively authoritatively au- au today to be u unsatisfactory unsatisfactory tory to the United States President Roosevelt's views have been transmitted to the American delegation to the London economic conference e and they are expected to move slowly in the pending I A full report from front the American representatives s on the proposal was received last night by the president and Secretary Woodin The hief executives executive's views immediately were transmitted to London The situation was explained at the treasury today by Dean Acheson the acting secretary It was pointed out that hat the government was willing to listen to any proposals advanced bult but bul it t was said that the ones received were not agreeable to this government government govern govern- ment In their form Acheson cheson declined to divulge any any details of the plan which was submitted submitted submitted sub sub- sub sub- by the treasury's representative tive in London O. O M. M W. W Sprague but said it was something from which negotiations could start It was said the president had Indicated Indicated in indicated In- In the limits within which the delegates could act but it was Indicated in indicated In- In the United States did not look pok favorably upon any plan for temporary stabilization It was also disclosed that George L. L j. j Harrison governor of the New NewYork NewYork NewYork York federal reserve bank was in London not as a representative of or the American government but to confer with the governors of other central I banks janks who are attending the economic economic eco eo- conference By DEWITT MACKENZIE l I Associated Press Staff Writer LONDON June 17 A 17 A tentative I agreement menton on controlled stabilization has been reached b by experts and submitted submitted sub sub- to the home governments for tor approval it was learned in important world economic conference quarters today oday The agreement it was understood provides for the control of exchanges to o smooth ont oat money fluctuations rather than for lor definitely fixing ra rates tes The French and other delegates from rom gold standard countries this morning were rather avoiding the thc theise theof ise we of the controversial word stabilization sta and Sand employing the more euphemistic phrase arrangement to minimize fluctuation Conference headquarters meanwhile mean mean- while announced 14 more nations ons had Cont Continued on Pare Par Two WASHINGTON NOT PLEASED WITH TERMS Continued From Pron Page Fae One accepted Pr President Rosevelt's truce on tariff changes making a total o of 33 adherents so far are New members of the compact ar arc Bolivia Chile the Dominican republic lic tic Greece Guatemala Iceland Paraguay Para Paro gua guar guay Persia Peru Poland Poland Portugal Spam Spain Turkey and Uruguay It was understood that a hitch in inthe inthe inthe the proceedings occurred in in connection connection connection tion with suggestion toe made yesterday yesterday yester yester- day by Dr Alfred Hugenberg German German Ger Ger- man minister of agriculture and economics eco ceo for a n German colonial empire empire em em- pire in Africa A memorandum b by the German delegation was duly delivered to the secretariat of the conference for dis among the delegates bu but before it could be handed out it was published in the press throughout the world much snuck to the surprise and con eon cf ot Dr Hugenberg who had hadnot hadnot hadnot not authorized its publication As a result of this premature publicity pub pub- he requested the conference to postpone distribution of the memorandum memorandum memo memo- among the delegates Spade work in preparation for Mondays Monday's Mon day days day's s commission sessions continued at conference headquarters today but bu most mot of the business was suspended and the great geological museum where the meetings arc are being held was given over to cleaners this morn morn- Ing tag ATTEND ROYAL PARTY All AIl the delegates and experts expert anc and members of their parties were cast cast- lag Ing ng aside their labors to attend a garden gar den party being given them by King George and Queen Mar Mary at Windsor castle As a preliminary to the party Prime Minister Ramsay MacDonald president resident of the conference enter enter- tamed at luncheon at for lor Mr and Mrs Mr Cordell Hull Mr and Mrs James M. M Cox and Senator Key Pittman of ot the American delegation and S. S M. M Bruce the Australian minister min mm- ister icIer to England and Mrs Bruce Virgil N. N finance minster min ster Ester of ot Rumania visited George Bonnet Bonnet Bon Bon- net French finance minister and reporter reporter reporter re re- re- re porter for the conference monetary commission with a statement in behalf be half hall of the central European states The statement to be submitted to the he commission Monday asked ked for a I solution quick solution of the problems arising from rom the public and private indebtedness indebted ness of the central European bloc It recommended a return to stable money and emphasized the necessity of studying agricultural problems as soon as possible After a hard mornings morning's work by Premier Hendryk ColIJn head hend of the economic commission and members of the secretariat the commissions commission's revised agenda was Wa officially issued It calls calIs for REVISED AGENDA ISSUED First commercial policy under which will be considered a return to normal conditions of ot trade unrestricted unrestricted unrestricted provision of foreign exchanges exchanges ex ex- ex changes for the needs of commerce control and gradual abolition o of quan quan- limitations on the exchange of goods includIng goods Including the question of quotas license systems clearing and barter arter barter agreements and agreements and and also problems lems ems relating to tariff brill and tre treaty ty pol pol- Icy cy including the most favored naion nation na na- tion ion clause clau and its us possible exceptions Second coordination of production and marketing under which will come questions of wheat and other foodstuffs sugar and wine raw materIal material material mate mate- rial coal cotton wool and timber and industrial and agricultural agreements agree agree- ments or cartels Third measures measure other than customs cus- cus toms oms duties and prohibitions directly or Indirectly affecting international trade rade under this heading come subsidies sub sub- direct or indirect and also shipping subsidies export bonuses marks of origin and veterinary and questions concern concern- ing ng ing diseases of plants or caused by vegetable organisms Fourth public works which it was suggested might be discussed jointly ly y the economic and monetary com corn mission |