Show POINTS OUT THINGS WORLD NEEDS MOST MEMORANDUM ISSUED BY THE SUPREME COUNCIL SUM CONCI CONDITIONS First Requirement is io That Peace Conditions be Fully and Completely Restored at the E Earliest Possible Moment London The Tiie The supreme council has Issued a memorandum on world economic eco ceo conditions Its conclusions lons areas are as follows follow It Is of paramount par Importance that peace conditions sl should be fully and completely restored at the earliest possible possible pos pOSe sible moment throughout the tue world To achieve this object It Is desirable desir able first that pence peace and normal economic economic eco eec rela relations lons should be reestablished re establish ed at the earliest moment los possible ible throughout eastern Europe second that armies eter everywhere where should be limited to the time lowest possible figure compatible with national security and anti that the time league of nations should be Invited to consider as soon as possible pos proposals to this end third that states which have ha been created or or oren enlarged enlarged en en- as a result of the war should Im Immediately un- un It mediately re-establish re full and friendly operation co-operation and arrangement for for unrestricted unrestricted un un- un restricted Inter hange of if commodities In Ia order that the tIle essential unity of I European economic life may not be impaired Impaired Im im- im paired by the time erection of f artificial economic eco ceo barriers Not only the government of each ach country but all those engaged in iii the task of or production in every land should give Immediate attention to the time execution of au all measures which will contribute to the tIme full resumption of peaceful Industry to the encouragement encourage encourage- ement e- e ment went of a better output on the time part of the workers In every countr country to the Improvement of or machinery and means menns of transportation and the time removal of such disturbing factors as profiteering Each government go should immediately immediate ImmedIate- ly consider means for urging upon Its nationals In every rank of lif life the vi vital vi vi- tal tai necessity of suppressing extravagance extravagance va gance and reducing expenditure It Is essential that early steps be betaken betaken betaken taken to secure the time deflation of credit and currency first by the reduction of recurrent government expenditure within the limits of the revenue second second second sec sec- sec sec- ond by the time imposition of ot such a additional additional addi addi- taxation as is necessary to secure secure se so- cure this result third b by the funding fund ing of term short ol obligations b by means means' of loans subscribed out of ot the peoples people's savings fourth by the time Immediate limitation and gradual curtailment o of note circulation S Provision Pro for raw materials being essential to the restoration of Industry Indus Indu tr try means should be found foun whereby the countries which are In the present present pres pres- ent conditions of international exchange exchange ex ex- change unable to purchase In the tIme world markets and so are unable to restart thel life can ob 1 tam tain commercial credits credits' The powers are agreed that It it Is desirable In the Interest alike of Ger GeN many and her creditors that the to total too to-i toital tal to be paid by her for reparation should be fixed at an early date |