Lowest for Thirty-five Years.

The everlasting debts problem has been energetically attacked during the month. It has been attacked at the capital end and at the interest end. First of all, the Lausanne Conference (European) achieved a rather unexpected measure of success by heavily reducing Germany's capital liability, and allowing her a breathing time of three years. Secondly, Britain, with a two per cent, bank rate (the lowest since 1897), set to work on her huge 2000 millions conversion scheme, and at time of writing almost the whole of that sum has been converted to 3 ½ per cent. stock, and the success of the conversion is triumphant. Is this not the long awaited signal that falling interest hastens to the rescue of the fallen debtor?