London, Sept. 22, The report presented to-day by the League of Nations Financial Committee states that the lack of proportion between prices and euro reueles, which leads fo the deficiency fof equilibrium in exchanges, fe the treatest obstacle in the way of world-wide recovery.
The report endorses the view of the Economic Committee that it is in-Uispensable for the restoration normal economic intercourse to close the abnormal gap which separates, the price level of different countries.
fully shares the view that it is for each country to deal with its own monetary problems and that a World conference would not, at this, stage, prove helpful, and that any fatlempt at International economic operation should be confined, in the Ast instance, to a limited number of counttles likely to have a decisive nonce on the course of events, It emphasizes its agreement with' the view that no currency" adjustment can bring about any Improvement inthe economic situation "un fess it ix accompanied by relaxation, Heading, it is hoped, to the ultimate abolition of exceptional Import strietions,—Wireless through Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.