500.C1112/33: Telegram

The Consul at Geneva (Gilbert) to the Secretary of State

371. In his Assembly speech today Bruce,22 Australia, referred to the agreement between the United States, France and Great Britain23 as a great gesture of leadership to the world and said that these countries have all indicated that they propose to pursue a policy which will tend to restore [promote] prosperity in the world and improve the standard of living and for these purposes to assist towards the realinement of currency and to see progressive relaxation of the present system of quotas and exchange control with a view to their abolition. He urged that the Assembly respond to this lead and make every effort to further economic cooperation which would, he emphasized, greatly contribute to the maintenance of world peace.

  1. Stanley Melbourne Bruce, Australian representative to the League of Nations.
  2. Post, p. 560.