Modern Review February 1937

However after the failure of the British to extend actual and effective support to the Germans on the occasion of the French occuption of the Ruhr a considerable number of far-sighted German statesmen felt the necessity of Franco-German co-operation to recover German rights. [...] "The dividing line mentioned passes through the four seas known as Java Sunda Banda and Arafura leaving Dutch Borneo and Celebes within the Japanese sphere of influence and linking up with the Philippines Sumatra and Java constitute the plums in the German area on the Indian Ocean side of the dividing line although the iformation available is to the effect that the rights of the Japanese t [...] THE BREA K WI) OF THE INTERNATIONAL SYSTEM THE International Gold Standard under which the currencies of all the advanced countries of the world were linked to one another and which promoted international trade and capital movments and stimulated economic progress for nearly half a century prior to 1914 and again in the brief post-war period of 1925-31 was abandoned with the advent of the pre [...] The result of this action on the part of the Account is to raise the exchange rate of the foreign currency and lower that of the sterling. [...] In this way the upward tendency of the sterling brought about by the action of the foreigners is completely counteracted and the disturbance in the sterling exchange that was t bout to take place due to the influx of foreign funds is held in check.