Communique Issued by j Committees London, May 12, A communique issued at the lose of a meeting of the Organising Committe of the Monetary and Economic Conference which niet at the Foreign this afternoon under the chairmanship of Sir John Simon, the Foreign Secretary, to consider the proposal for the institution of "attri truce" in relation to the impending World Economic Conference, which is. to London on June 12 under the presi Yeney of the Prime Minister, Mr. Ramsay MacDonald, says:
All the members of the Organising Committee were represented, namely, Germany by the German Ambassador; Belgium by the Bel-
States of America by the American Ambassador) " the United Ambassador; France by the French Charge d'Affaires; Italy by the Italian Ambassador; Japan by the Japanese Ambassador; and: Norway by the Norwegian Minister.
"The Committee had before them the following resolution which was unanimously approved—:
"The Governments of the United Skingdom, Gersnany, Belgium, ited Slater of" Amica, France, Italy, Japan and Norway,
mittee for the Monetary and Eeonorepresented oh the Grganising Com: mic Conference are convinced. that Is essential for the successful conclusion of the Conference that measures of all kinds which are, atthe present time, misdivect and paralyse International trade, be not intensified pending an opportunity for the Conference to deal effectively with the: problems, created thereby, and recognise the urgency of -adopting'at the beginning of the Confer. fence tariff truce, the provisions of which shall be laid down by common Agreement, "The said Governments, being further convinced that immediate action is of great importance, them elves agree, and strongly urge. all other, governments. participating in the Conference to agree, that they will not before June-12, nor. during the proceedings of the' Conference, adopt any mew" initiative, which Jmight increase the many varieties of ifbeuities mow arresting international commerce, subject to. the revise that they' retain the right to withdraw from' this agreement.
time after July Ji, 1993, on giving one month's previous notice {fo the Conference, jenable_ President Roosevelt _and himself to exchange information and to survey the ground. which their respective governments had to cross before satisfactory issues were reached.
'There were three sections they' had to examine, namely, debts, business that would' come before the World Economic Conference, and. the third section, on which a faiely long conversation was essen {tial so that, he might inform the President of how the British Gov-
situation, "the prospects of peace ernment regarded the," European and the pacifying of disturbing folements 0. that ce-operation be: ween' the two. governments Geneva should be, without coming to any alliance and without coming to any solid and sound agreement, as complete as human beings with {good-will could make it.
There was complete unanimity of opinion, asserted Mr. MacDonald {thatthe "International -Beonor Conference could not be full eensful thad. been removed.
"The settlement 1 am_ thinking lof—the final settlement-—is going to take alittle time, T do not mean by' that longish time, but. 7 mean it literally. Tt is going to take just, a litle time, Donald. "There are $0. many issues involved and so. mans awkward relationships, to be dealt with ina complete and final settlement.
The Prime Minister said it was never. contemplated that: war debts should come before the "Economic Conference. The debt negotiations would have to go on concurrently and on parallel lines.
Continuing, Mr. MacDonald added that, since he entered the House, information had reached him that there had been further exchanges of views with the United States. Government and he was now able to say the actual words, and while protect. that t to the settlement of ing..the essential. position of both governments, there was every prospect of reaching an agreenient to the advisability of an immediate tariff truce.
'Security, he said, had also been very fully' conside red and both had clearly in front of them the menace to the tranquillity of the mind of Europe which in recent events. had been created, and the new risks with which the Disarmament Conference being faced.
"I am very happy to say that the United States Government is _prepared to play a. further part' in tranquillising Europe by agreeing the Disarmament Confer ence' comes to anything like a satisfactory issue, to take its part consultative pacts, the effect Which wil be to increase the security of Europe and the safety of threat ened nations against war. This is a very considerable advance.
"The, United States and ourselves," concluded the Prime Minister, "now "clearly understand each other and Will do every thi we can to make the Internationa Conference a success, and will ther after continue to help the remov: of fear from, the pacifist nations of ttrthe" Wireless" through "One of the main motives wi bring our Governments together the Conference is to. surmount the obstacles to international trade referred to above, and the said Governments therefore urge all other' Governments represented at" the Gonference to act in conformity With the spirit of this objective!"
'A note ts added to the communi que Stating "it is unders Betion would not be in confi the above resolution if taken cordance with the considerations 3 Oot in that part of the draft an-potated agenda which emphasises That some. increase in the level of world prices ig highly desirable and would be the first sign of world recovery.
Tt "was recognised among the members, of the Organising Committee that, good, faith was the essence of the resolution which had been adopted and which constituted a gentlemen's agreement The resolution comes' into mediate effect by the signatories, 4nd Sir John Simon, on the instruc: ion of the Commiltee, is at once! communicating its terms to the! ther nations who will be represent-fed at the World Economic Confer: ence, and is daviting them to take similar action—Wireless through Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.