London, July 22.
The adoption of bimetallism [solution to the almost inevitable cor tinuous fall of prices and the a Jcentuation of economic depression. Jdue to the insufficiency of the world's gold supplies is strongly urged by the banker, Lord Hunsdon, in a letter in to-day's "Times."
Lord Hursdon suggests that JAmeriea, France and Britain, or two fof these' countries, should agree to adopt bimetallism in fifteen years at ratio of twenty silver to one gold. In the meantime, he says, they should commence to buy silver im-
Lord Hunsdon claims that the }plan would not only do more than the Round Table Conference to settle India's troubles, but would produce Jan immediate rise in prices, to the benefit' of industry in the next fifteen years.
Speaking before the League of [Nations Union here to-day Mr. J. F, Darling, a director of the Mic Bank, one of the largest in the world, urged that the nations employ President Hoover's war debts holiday plan to devise ways and means of restoring one media in which war debts ultimately can be settled. Mr, Darling, who for meny months has devoted a great deal fof attention to depressed silver values, said that his plan would also reinstate world values, stimulate world trade und ald in a general economic recovery.
"It suggest the rehabilitation of iver as full legal tender in the Payment of debts in the ratio of }20 ounces of silver to equal one ounce of gold," Mr. Darling said in hhis address before the Lo gue of Nations Union, "This would' be equivalent to a price of approximately G.$1_an ounce for silver. This would approximate the present exchange value of the rupee and it would restore the value of silver bullion and ornaments in India to par and Jenable India and other tries t0 have a full coinage without conveniently heavy,'
Mr. Darling expressed the hope that concerted international action will be taken during the coming it to solve the silver problem that prices for the white metal ma: r be raised and stabilized with con: sequent benefit to the trade of th: world in general.
Mr. Darling believes that now tis Hoover Plan is effective with regard war debts payments it should be extended so. as to embrace in Jffective fashion the task of solving the silver problem.—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.