Show H EUROPE rAST FAST RETURNING TO TOI I L. L NORMAL PLACE PLAGE I It l 1 r. fi I Permanent Financial and andr r I. I Economic Commission of ofF I. I F k League of Nations Says J Much Progress Made Mader r t By HENRY WOOD jw U. U P P. P Staff Correspondent GENEVA EY A March 25 25 5 By B U. U P P. Europe 3 is rapidly coming back cording to the perm permanent nent finan- finan and and economic commission of 4 league of ot nations i commission com composed of some of the best financial and eco- eco r in the world world men men w rea tire league of l nations plans for f r the financial tJ o Austria and Hungary are Hungary are I r regarded tIded ded as the highest possible anThey aur au- au r They have followed it in in d detail fr ever since the first financial i and economic conference held in i. i 1 1920 In fact it has been due large- large r it 9 the adoption by the various vadous u d-u European governments of the reci recommendations rec rec- i made by that conference confer confer- eri ence e that Europe is now getting a k onto its feet According cordIng to the leagues league's commission commis- commis r sion the tho definite progress being m de In Europe is to be seen first l. l in the manner in which the va various bus countries are getting their currencies stabilized and in the balancing bal bal- of their budgets budget I Countries which up to the present i have virtually succeeded in st stabilizing tb their ir currencies are according according ac- ac I 1 cording to the commission Austria S G Germany inan y Hunga Switzerland S C akia Sweden Finland F I t E Esthonia onla Poland Lithuania L LatS Lat Lat- S via Dantzig Serbia France t I S A Belgium and Ital Italy S The next great question which S tHese se countries will wilt now have to solve march back to the 5 normal will be whether ther they will willS tr o get back to the prewar parS par par- S S it s' s regards r the value of their 5 cur currency enc enc- or whether they will wil establish stab par par-j S lish an entirely new basis Among the countries which hareS have hare decided to d to accept the latter solution S a. a aTt which which have established their theil theirS I S curr curi currency ncy parity on the basis that euls at the present time are Aus- Aus Hungary Hungar- Germany Poland D and E Esthonia Both Czecho- Czecho sl akia and Finland bare e also ann announced an an- n their in intention of sta stabilizing ing their currencies at the present late t of exchange S t 4 Other countries like France Bel- Bel gI and Italy however are still hopeful of greatly improving their theirS S exchange rate before being obliged S SS S t S Equally Eq ally as important as this staS stabilization sta sta- S of the currencies If not I even e more so is the manner manlier in which h the European countries are areg I g getting their budgets balanced Th t-Th Th commission now no expects to toc I c concentrate n its efforts on a campaign campaign campaign cam cam- to get all of the leading countr countries countries coun coun- i tr tries f to come back to the gold s standard basis I |