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Wednesday, 24 February 1932

Mr LATHAM - The Advisory Committee provided for in the Hague Agreements submitted its report at the end of December. Generally, it supported the view that Germany would be unable to resume reparations payments at the end of the so-called Hoover Moratorium (June next), urged the necessity for adapting reparations and war debts to meet the needs of the world economic crisis, and recommended governments to take the necessary measures without delay. It was found impossible to carry out the first proposal to hold a conference last month, and it has now been decided that a conference shall meet in June next. The object of the conference will be to agree on a lasting settlement of the questions raised inthe report of the Basle Experts, and on the measures necessary to solve the other economic and financial difficulties which are responsible for the present world crisis. This decision has been reached by the several governments in the hope that it will ease the international situation.

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