Every Belgian with a fixed income was quietly robbed by Professor Paul van Zeeland, the Kingdom's unsmiling New Deal Premier, when he devalued the National currency (TIME, April 8). This public loss left the Treasury with a public gain of 3,500,000,000 francs ($118,000,000) in the value of its gold stocks. Designating this last week as "profit," Premier-Professor van Zeeland ordered Minister of Public Works Henri de Man to spend the entire sum during the next three years on making work for Belgium's jobless.
Meanwhile Premier van Zeeland saw Belgium's money sag sadly on...
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