REPARATIONS: Committees Progress

The two Committees of experts convened in Paris to study the momentous question of German finances (TIME, Dec. 10 et seq.) continued to examine witnesses and documentary evidence.

No. 1 Committee, considering stabilization of German" currency and balancing of the budget, issued a communique to the following effect:

1) That a gold bank should be established by mobilizing reserves of gold and foreign currencies, at present serving no economic function, and by an introduction of foreign capital.

2) That foreign cooperation in the management of such a bank will be desirable for its ultimate...

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