Referring to the liquidation, of past arrears, M. van Zeeland declares that it is desirable that bonds issued by debtor states be expressed in the currency of creditor nations.
Current arrears should be treated in the same way as new debts. Countries freed from restrictions would require trade credit facilities, which might be arranged through the Bank for International Settlement.
In the concluding part of his report, the Belgian ex-Premier says he finds it impossible to ignore the fact that he is working in the shadow of unsolved political problems, including armaments, Finally, he recommends a preliminary conference between the principal economic Powers, who would be asked if they agreed to take part in am attempt io secure inter-motional economic collaboration and if they accepted the main lines of this report as a basis for discussion.
The next stage would be the appointment of a bureau which would receive information and representations from all states and drew up programme of constructive action. If urbe attitude, (e. Bens
Text read from the printed page and cleaned; old type leaves the occasional error.