King Albert of the Belgians abdicated last week as fiscal dictator of his country (TIME, July 26), a role which he has played so successfully that the Belgian franc is stabilized (TIME, Nov. 8), and a new momentary unit, the belga circulates. To signalize the definite success of his administration, King Albert's last act as "dictator," last week, was to cancel a sheaf of emergency taxes, notably the 10% tax on foreigners' hotel bills.
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