Mr. Ramsay MacDonald then submitted certain resolutions, all which, were passed without discussion, imeludinge a. statute empowering the Bureau to act during the recess and the monetary and econ-ernie reports.
The Prime Minister shared the regret of the delegates that the Conference had not been able to finish its work without a recess. "There must. be no mistake, how-aver," he added, "regarding the fact that this isa recess and not a wind? ing. vp.
Continuing, Mr. Ramsay Mac. Donald said: "The hope created by the Conference itself has already contited to signs of revival in world trade. "It is still necessary for the Conference {o remove obstacles in order that there may be an advance. to. prosperity on such cole as will Felieve the distress are met to negotiate economic Aisarmament "and to. restore. the promority "which we "destroyed," fe continued, - "Is" there a dele: fate here who wishes to. stop. his Jabours or to. take responsibility for stopping the labours of others?"
"We had. begun the work well. When the currency difficulty: arose, defied all attempts to devise solu tions or a temporary agreement to enable a" continuance of jthe fall work of the Conference. The ce soittees continued, but it was Chyious, that an adjournment was advisable. During this interval, T urge all delegations faithfully to report to their government what information and experiences they had gathered here to enable them to return and bring the Conference a successful. end."
The mere fact,"
British Prime Minister, "that a promising opening" work was Suddenly held vp by our havin to face a monetary problem taught the valua that, unless certain hard international economic facts" are recognised, the only exit from the present position may be disastrous, and perhaps revolu. tionary, and result in a series of state and private defaults. Once! we get at the realities of tariffs, quotas, ete, we could agree upon a solution. This Indicates one of the most important pieces of work during the recess.
Mr, MacDonald thin drew atten tion to the difficulty of getting a versal formula es, but said that a discussion of the problem might lead to international tion regarding large and provide. a general uidanee.
Text read from the printed page and cleaned; old type leaves the occasional error.