Currencies after the War. (Harrison. 7s. 6d. net.)—This is the
first book published by the League of Nations. It has been compiled by the economic section of the secretariat, under the editorship of Mr. J. A. Salter, as a guide to the members of the Assembly in discussing the terrible problem of debased currencies and ruinous foreign exchanges. Successive chapters describe the state of the currency in each European country, in the United States, Argentina, Chile and Uruguay, and in China. India, and Japan. The first chapter on the countries formerly under Hapsburg rule and on Finland is admittedly imperfect, but most of the chapters are informing and helpful. In the Russian chapter it is suggested that, before Russia can export anything, she will need agricultural and other machinery, supplied on credit to the tune of fifty millions sterling. The annual interest on Russia's foreign debts would amount to a hundred millions, or three times the value of her pre-war exports. The Bolshevik paper currency is worthless. The statistics given in this book are soon to be supplemented by later figures.
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