Belgium has decided to devaluste the beles.
'According to an announcement issued to-day by the new Government under M. Paul van Zeeland, former Vice-Governor of the Na tional Bank of Belgium, the country rational' defence Will remain on the gold' standard but the belga will be devaluated to a degree not below thirty per cent.
The gold reserve of the National Bank of Belgium, it is added, will revalued provisionally at a level depreciating the belga by 25 per cent. fas compared with the present value The declaration adds. "We propose to use all the means in our power to hasten the establishment of an international court, by which the principal moneys of the world would [again be stabilized on gold."—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.