Abstract

Editorials

The article presents information on various developments from around the world with an emphasis on international relations. The international bank which is proposed would be political and non-political, and both at the same time. It is to perform political functions, those, namely, of collecting and paying reparations imposed upon Germany by the powers that defeated it, but it is to do this as a strictly non-political financial institution. As the proposed international bank, apparently, is in practice to handle both reparations' and debts, collecting and administering the one and with the proceeds paying the other, U.S. President Herbert Hoover has only followed a principle already laid down in asking Germany to make its payments to the U.S. directly.