OCR Text |
Show EXCHANGE QUESTION DEBATED AT BRUSSELS BRUSSELS O. -tBy The As sociated Press.) Resumption of the public sessions of the international financial conference has been delayed uutl! Thursday because of the difficulties diffi-culties encountered by the commlt- . i s in formulating recornmsfidatlons ' on exchange and eredit. The exchange committee, it is un-derstood, un-derstood, has discharged thc Idea of flxliiR exchange rates from time to ; time and will prohnbly recouinieml that the solution of the problem bo allowed to work Itself out In open 'market and that no artificial ipSS 1 1 r b be attempted as they are destined to failure. The credits committee, likewise, is I said to favor tin principle of letting I natural business lawj determine ;he l lie The sit u.i t Ion of the credits qiie-i-tlon Is considered the most difficult, A new proposal has been submitted by Andre Bayous of the economic section "f the league of nations It provides , for i ipei lal commisalbn to modif-. OXiatlni asencles. encouraifc present I )lans of other countries for foreign I credits and di vise a mean to guarantee guar-antee lurge credits, seeking new legislation legis-lation for the latter purpose. Thin 'ommlssion would be composed exclu-:el exclu-:el of bankers and buulneHS men. |