Great interest is being evinced in. political circles here in the report by Paul Van Zeeland, former Belgiatr Premier, on the economic situation the world at present, According to the "Frankfurten influential paper, the re~ port proposes: a ten years tariff truce, progressive abolition of clearings," creation of an international monetary reserve to the Bank for International Settlements and ereation of colonial companies, The paper believes that the propositions show progress in compari son with the suggestions of the League of Nations.
The journal criticizes the proposal for a ten-year tariff truce which would oblige all countries to immobilize their economic system though the questions of a new dis tribution of raw materials and the abolition of exchange control dominate the situation, The paper says the success of M. Van Zeeland's action will depend how he takes into account Germany's colonial claims and their connection with the raw material problem—Havas,
Text read from the printed page and cleaned; old type leaves the occasional error.