Zuerich, Oct. 1.
The inauguration of an international currency on a gold basis, by the Bank of International Settlements is forecast in a despatch to the "Neue Zuericher Zeitung" from its usually well-informed correspondent at Basle, According to this source, it has! been under consideration for some time, but efforts to realise it have now received a fresh stimulus by the ""dethronement of the pound sterling as international standard". The plan, the correspondent declares, is' still in a somewhat embryonic stage and at present contemplates the establishment of an international currency chiefly in order to dispense with the present costly bullion shipments. It is contemplated that the Bank of Inter-rational Settlements will take forts. al charge of the gold deposits of all countries and against them issue Hold certificates with probably the fraction of an ounce as a unit, each country being allotted the amount corresponding to its gold In its editorial comment, the "Neue Zuericher Zeitung" intimates that the present scheme will be Ventilated at the meeting of the board of directors of the International Bank and that then, probably, something concrete will be 4 cided. The paper suggests that for the being the directors try out their scheme on Europe in accordance with Of. Briand's. plans incorporated in his project. for a European Union and that, if ssu cessful, it be enlarged to include the extra-European states which, itis asserted, "are as. sorely Reed of a general currency standard as are-the European nations."—Trans-Ocean Kuo Min.
Text read from the printed page and cleaned; old type leaves the occasional error.