THE LEAGUE OF NATIONS: Fiscal Rehabilitation

A lean, tall Dutchman and a U. S. citizen not very lean or very tall have been engaged for three and one-half and two years respectively in rehabilitating the fiscal administrations) of Austria and Hungary. Both men have borne the title: High Commissioner of the League of Nations. Both have administered huge, League-floated loans to such good effect that the budgets of Austria and Hungary balance and their currencies are stable.

Since the League of Nations has recently terminated the regimes of both High Commissioners (TIME, June 21 and July 5), and accorded...

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