London, June 28.
The British Government secured a resounding success on its Indian issues of the promised statement by Cordell Hull, United States Secretary of State, on international currency measures' and proposals, Mr. Hull made it clear that. he was making the declaration as. Secretary of State and not as chairman of the American delegation to the World Economic Conference, He pointed out the matter was purely a treasury one, and said he would regard it as almost a world tragedy if the Conference, in advance of any serious effort' to consider the problems for which it was called, should allow itself to" be diverted "by proposals of a purely artificial and temporary experiment ffecting the monetary exchange of few nations only.
"Specious Fallacy"
Mr, Hull did not relish the! thought that" insistence on such sation should be made an. excuse continuance of the basic econ-errors underlying much of the worldwide depression. He described the attempt to achieve what would be temporary, and probably artifthe' part of a few large countries stability of foreign exchange on only as a specious fallacy.
The sound internal economic system of a nation, continued 3 Hull, was a greater factor in well ing than the price of its currency in the changing terms of the cur-rondes of other nations. That was Why the reduced cost of government, adequate government income and
Text read from the printed page and cleaned; old type leaves the occasional error.