Word: beyene
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...customers. Nations have about quit settling with one another, financially. But the bank does a lot of observing and thinking, and last week the most newsworthy observation of its annual report was a carefully documented conclusion that government spending cannot cure Depression. The bank's president, Johan Willem Beyen of The Netherlands, used the U. S. as a prime example of that policy's failure. Main thesis of the report, however, was not so much that U. S. spending since 1933 had been misguided ("natural forces of recovery were partly strengthened and partly hampered by the action...
...Leon Fraser's Dutch successor as president of the Bank for International Settlements, Leonardus Jacobus Anthonius Trip, 60, last week informed the World Bank's directors he would resign at the end of the fiscal year. Nominated for his job was another Dutchman, J. W. A. Beyen, vice president...