The Prime Minister of Belgium (M. van Zeeland) has just delivered at Namur an optimistic speech in which he stated that in the past two months Belgian exports had increased considerably, compared with those of the two same months last year. The increases were 27 per cent. and 30 per cent. respectively; so far as unemployment is concerned, a decrease of 33 per cent. has been recorded.
M. van Zeeland confirmed a recent public declaration of M. De Man, one of the socialist ministers of his cabinet, that public works oq a very large scale would be undertaken, costing some three-and-a-half milliard francs. This sum corresponds approximately to the profits accruing to the Belgian state in consequence of the last devaluation.
Small savers who had been panicstricken in February and March have now regained confidence. The Prime Minister further said that revenue from taxes has increased.
M. van Zeeland, who categorically denied the rumours of changes in his cabinet, denied just as emphatically that an "administrative inflation" had taken place since his access to power and maintained that far from increasing, the number of civil servants had even somewhat decreased.