"Where this policy can be pur-' sued ina scientific way, "he con-Unued, "it will have the advantage fof improving prices in the best possible way, namely, the stimulation fof consumption. Unfortunately we eye not yet able to do more than [place at the supreme problem International debts. We must continue to work on this matter. Unless creditor countries' are prepared to accept goods in payment of debits, they cannot be paid."
the meant Donald continued, "steps must be] taken to put into circulation the Fesources imme bby countries which ave hoarding gold and replenish the reserves necessary to build the situation of less. fortunate countries, There is a way of accommodation, Detween gold standard countries, sterling countries, dollar and other countries provided each is willing, to agree to maintain them against speculation," continued Mr. Mac-Donald.
"On the economic side also, agreements are merely matters of time and exploration. All that now is Required is a close examination of the influence of the diplomatic hand the various suggestions made, and revoneiling differences in_con-workable conclusions.
Text read from the printed page and cleaned; old type leaves the occasional error.