THE LEAGUE OF NATIONS: Work

The Council of the League of Nations, sitting in Paris, approved two protocols providing for financial reconstruction of Hungary on a plan similar to that adopted early this year in the case of Austria. The gist of the scheme is that Hungary is to turn over the revenue from customs and State monopolies to the League, in return for which the League will float a loan of 250,000,000 gold corona and establish budgetary equilibrium by June 30, 1926. The scheme is to go to Budapest for ratification and is to be discussed...

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