Evening star., 1924-08-30
HUNGARY LIFTING
FROM WARS CRUSH
American Commissioner for
League Reports Progress in
/ Nations Restoration.
Rx the Associated Press.

BY the Associated Press.
GENEVA, August 30.-Jeremiah
Smith Of Boston was the central hg-
ure at today'S meeting of the council
of the League of Nations. He pre-
sented an optimistic report on the
program of the financial reconstruc-
tion of Hungary. where he is the
leagues commissioner, and added an
other hopeful note to the general
movement of European financial and
economic rehabilitation.
Mr.. Smith said that, owing to the
measures adopted, sterilization of
Hungary's currency is now an ac-
complished fact and that confidence
in the stability of the Hungarian
crown has been created. The country's
revenues. he said. and the yield of
indirect taxes, which constitutes two
thirds of the total receipts. had con-
siderably exceeded the estimates.
Although the Hungarian crown had
increased in value, the commissioner
declared retail prices had not fallen.
Indications existed. however, that
these prices could not be maintained
at the present level, but the situation
would be remedied by the operation
Of natural and economic laws.
Government Gives Support.
The government of Hungary had
collaborated energetically in the plan
of rehabilitation. MIR. Smith said. The
next step, he explained, is the limita-
tiOn of the governments expenditures
to figures established by the recon-
Struction budget and the negotiations
of commercial treaties with Hungary'S
neighbors.
Mr.. Smith declared he had conf
dence these things would be accom-
plished and there would be no OBJ
stacle to the successful conclusion of
the reconstruction plan and the bal
ancing of the budget within the
period fixed.
Baron koranyi, Hungarian minister
of finance. praised Commissioner
Smiths service to his country. The
council adopted a resolution thanking
the American for his work and ex-
pressing its eminent satisfaction with
the progress achieved in the recon-
struction of Hungary.
Reports on Arms Control.
Dr. Edouard Benes. president of the
council, submitted the report of the
leagues permanent disarmament COM
mission, which includes the text of
the draft treaty for the control of
international traffic in arms. Amer
lean diplomatic representatives aided
in framing this draft President
Benes recommended that this report.
together with replies from various
governments on the proposed pact of
mutual assistance, be forwarded to
the assembly without any special
action, because the assembly would
want to examine thoroughly these
matters.
The council adopted the presidents
recommendation and the next step in
the entire discussion of disarmament
and security will be taken when
Premiers Macdonald and Herriot of
Great Britain and France enter on
the scene. They are expected to ad-
dress next weeks assembly.
Reject Assistance Pnct.
An overwhelming majority of
countries have rejected the proposed
pact of assistance, but Poland and
CzeChoSlovakia, notably, have ral-
lied to the side of France in accept
ing its main provisions.
Considerable atten ton is being de-
voted to the recommendation in the
Czechoslovakian reply for an exten-
si"h oi compulsory arbitration as the
best means of obtaining security, and
hence the reduction of armamentS
IL is believed Premier Macdonald will
come to Geneva to urge a stronger
policy of arbitration as the most
prIcti ticable means of preventing war.
Uruguay views on the pact OF as
sistance have been received. but not
yet published.
The council adopted a consiliatory
attitude toward the Nosul frontier
dispute between Turkey and Eng
land. The Lausanne treaty provided
that the council should settle this
controversy in the event direct ne
gotiationS failed, which is the case.
A telegram was forwarded to Ismet
Pasha. Turkish premier and foreign
minister, informing him that the
council probably would be meeting
until the end of September and that
it was hoped he could arrange to at
tend as soon as possible.
Before adjourning until some time
next week, the council registered an
almost unanimous vote in support of
the project of Senator Ciraolo, presi-
dent of the Italian Red Cross. for
mutual assistance in the relief of
peoples overtaken by disasters similar
to the recent Japanese earthquake.
The assembly will be asked to adopt
concrete plans to put the project in
operation. Many Americans attended
todays session.