Basle. Nov. 8.
The administrative council of the Bank of International Settlements met here for its November session to-day under the chairmanship of its new governor Georg Jansen. The chairman read a statement which showed that the development of the institute's business during the past month had been completely satisfactory and that particularly the granting of export credits to banks of issue was progressing favourably.
The session of the administrative council to-day was preceded on Saturday by the customary conferences between presidents of banks of issue. Among those attending the session as well as the preceding conferences was the President of the German Reichsbank, Dr. Hjalmar Schacht, who arrived at Basle on Saturday and is returning to Berlin this afternopn—Trans-Ocean.
Text read from the printed page and cleaned; old type leaves the occasional error.