Washington, Jan, 23.
The Senate Banking Committee tonday, by. fifteen votes to two, roved of President. Roosevel fonstary Bill, but with vital m the, $2,060,000,000 stabilisation fund including the placing of under the control of a board of five Members instend of under the Secre-ary of Treasury alone, two-year limit fe placed on the operation of the stabilisation fund 4 well as on President Roosevelt's Power to devaluate the dollar.
'As soon as the Banking Comriittes's action was known, Adminis-ration' leaders' immediately."made reparations to restore the' Bill to Rs original: form.—Reuter, Washington, Jan. 23.
The Senate Banking Committee has approved the Monetary Bill with several modifications which include the following provisions: Firstly, two sear time limit for operations of the $2,000,000,0000 stabilisation fund; secondly, control of the foregoing fund bya board of five persons, instead of by the Secretary of the Treasury alone, The board is to consist of the Secretary of the Treasury, the Comptroller of Currency, the Governor of the Federal Reserve Board and two other persons. Thirdly, "a limit of two years to the President's power to devalue the dollar, and fourthly that: both the time limits above mentioned may be terminated in less than two years or extended by one year at the President's diseretio Router.
$1,000,000,000 Bond issue
Text read from the printed page and cleaned; old type leaves the occasional error.