the considered opinion of] the directors of the Bank of Inter. national Settlements (established in connection with Germany's reparations when the Young Plan! came into force) that the world! credit structure is threatened with complete collapse unless the central banks in concert devise means of restoring its stability, declared Sir Charles Addis, chairman of the London committee of the Hongkong jand Shanghai Banking Corporation, jand a director of the. Bank of International Settlements,! spelt ing in London to-day.
Sir Charles pointed out that the fact that nearly three-fifths of the world's monetary gold. was locked up in the United States and France iwas one of the predominant causes of, the-eontinuoys.. fall.. in prices, [seriously menaced the. stability: of} [the credit. structure Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.