Berlin, Jan. 3.
Means to restore international currency stability are treated by Dr. H. Schacht, President of the Reichsbank and formerly Minister of Economics, in a newspaper article to-day. in which he specifies four necessary conditions involving debts, raw materials, Colonies and economic facilities.
The time for a lasting org: nization on international currency affairs, Dr. Schacht writes, will only come when the spirit of the Versailles Treaty is overcome, politically and economically.
This, he asserts, demands:—
1. A settlement of the question of international debts A better distribution of raw materials, which for Germany is linked up with ihe necessity of returning Germany's colonies; and 3. "Termination of the general economic war.
Dr. Schacht ruskes a strong plea for ihe gold standard. He declares that no matter what the order of world currencies is, it will always rest on a gold basis, "although whether it will always rest on a gold bessis, "although whether it will be possible to work on it in future without binding interna'jonal agreements is 'a question which cannot yet be answered."—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.