WORLD CONFERENCE: This Word 'Conference' . . . !

Last gasps of the World Monetary & Economic Conference before its scheduled adjournment in London this week:

¶ Australia's sleek, vigorous, hawk-featured former Premier Stanley Melbourne Bruce was first Chief Delegate to explode in a Conference session: "This Conference is a failure!"

For weeks Mr. Bruce had been trying to persuade his Government to enter a "Big Four" wheat acreage restriction pact covering the U. S., Canada, Australia and Argentina (TIME, July 3 et seq.). Last week, fearing to lose personal prestige at home with Australians who have turned against the pact, Mr....

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