Show BELGIUM TO CUT MONEYS MONEY'S VALUE Gold Bloc of Europe Also Deserted S Premier Va Van Zeeland of at Belgium Friday told the parliament that Immediate immediate im Im- irn- irn mediate devaluation of not more more than 30 p per r cent in the belga was wasn n necessary at once and asked a ked the legislators s for a vote of oC confidence in this program All Belgian bourses closed for tor the week-end week and when trading re reopens reopens reopens re- re opens Monday the gold value of oC the belga will be 75 per cent of its previous previous previous pre pre- worth The premier announced that Belgium Belgium Bel Bl- gium would suspend gold payments pending an international agreement on currency policy thereby virtually ending Belgium's Belgium alignment with the European nations who remain on n gold as s the standard of their currency Announcement came that monetary monetary mone mone- tary policies of the Netherlands and Italy would not be affected by the Belgian action All AlI g gold ld curre currencies cles declined In value in tin relation to the British poundS pound on on tn the London foreign l ex exchange change market and nd the United Stales States dollar slipped in sympathy French determination to o keep leeel to the gold standard was was' reported ll as unshaken Spanish treasury officials s characterized charac charac- tensed as as' as without found foundation Uon reports reports reports re re- re- re ports of the devaluation of the peseta S At Washington Secretary Hull said B Belgium's curren currency y devaluation tion I m was WB t not expected ed to prove detrimental detrimental det deL to the recently concluded Belgium American reciprocal trade agreement The pact will be proclaimed proclaimed proclaimed pro pro- claimed within a ft few days Hull Bull said if it 8 at any time the situation situation sit sit- nation creat created d a such close margin as to in jn und undue e competition f for r American eric n producers of ot competitive tive goods the U United States would take talce any necessary S |