Ruling out the present practicability of a re-establishment of the gold standard (though on a considerably altered basis) as a solution of the problem of an international monetary standard, M. van Zeeland suggests interim solutions in a revision or extension of the tripartite declaration by Brtain, France and America.
The parties would define the reciprocal parities of their currencies, and pledge themselves to keep eventual variations within certain limits for a least six months.
The Belgian statesman favours the abolition of exchange controls and clearing by stages. The first and most urgent step, he says, is the suppression of restriction on payment for merchandise.
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