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Henderson Daily Dispatch
Henderson, Vance County, North Carolina
What is this article about?
At the world economic conference in London on July 11, the steering committee unanimously adopted a report to discuss silver, indebtedness, and non-contentious topics like central banking, avoiding divisive issues for smooth progress, as supported by Canada's Prime Minister Bennett and U.S. delegate James M. Cox.
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SMOOTH PROGRESS IS NOW EXPECTED
Discussions in Remaining Days of Conference May Be Spread Out To Include Other Subjects Not Likely To Arouse Sharp Differences of Opinion
London, July 11.-(AP)-The steering committee of the world economic conference today adopted a report providing that the parley will discuss silver and the question of indebtedness and such other subjects as sub-committees agree can be dealt with without dissension.
This course was recommended by the monetary drafting committee and action was taken by adopting this group's report.
James M. Cox, of Ohio, was a member of the monetary committee which he said before the steering committee met, had unanimously agreed on procedure for a future program.
Prime Minister Bennett of Canada, who has vigorously supported the American delegation in efforts to keep the conference going, said at the end of the meeting "this agreement will permit smooth progress."
Discussions might well be spread out to include subjects other than those indicated, but points on which there are sharp international differences will be scrupulously avoided, the Canadian premier said.
Agreements, to be effective, must be unanimous, he added.
The drafting committee indicated in its report, which the conference bureau of steering committee adopted, that, in addition to silver, discussions might continue upon resolutions already approved regarding central banking cooperation and the creation of central banks in countries where they do not now exist.
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Foreign News Details
Primary Location
London
Event Date
July 11
Key Persons
Outcome
the steering committee adopted the monetary drafting committee's report unanimously, providing for discussions on silver, indebtedness, and other non-dissension subjects; smooth progress expected by avoiding sharp differences.
Event Details
The steering committee of the world economic conference adopted a report recommended by the monetary drafting committee, allowing discussions on silver, indebtedness, and other subjects sub-committees agree can be dealt with without dissension. James M. Cox noted unanimous agreement on procedure. Prime Minister Bennett supported the American delegation and stated the agreement permits smooth progress, with discussions spread to include other subjects but avoiding sharp international differences; agreements must be unanimous. The report also indicated continued discussions on resolutions regarding central banking cooperation and creation of central banks where they do not exist.