Holland on September 28 decided to adopt a managed currency, along the lines of the British system.
To this end an equalization fund is to be instituted to control the guilder, ind a bill to prevent undue price-rai ing will be presented to the States-General, already convened in emergency session. The guilder is nevertheless expected to fall by ten per ent. from its former value.
The Swiss National Bank hi been requested by the Federal Council to fix the value of the Swiss frane at a point between 190 and 215 milli arns of fine gold, and the raising of certain defined wholesale and retail prices has been prohibited by decree. Belgian exchanges will now open, but Italian bourses be closed until Thursday and the Italian Cabinet is expected to meet on the situation this week, Greece and Latvia will link their respective. currencies to sterling.
The French Chamber -of Deputies has already heard the Government's view on the devaluation bill, a motion to delay the debate having been outvoted. The Government is reported almost to be assured of a majority in the Chamber although the Senate Finance Committee approved the Government's decision to devaluate the currency only by a majority of eight votes, An amendment is to be presented to the Chamber to provide special, compensations for agricultural producers, London, Sept. 28, Dealings took place to-day on the forelgm exchange market, with the exception of transactions involving the French, Swiss and Netherlands currencles—"The gold market was also open—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.