xchange, credit and investment, (4)
the world economic budget, and (5) adjudication of world disputes. Under
a world producers' federation, the administration of these five problems
would be in the hands of five administrative boards selected by the
executive committee of the world parliament.

Each administrative board would select and organize a staff of experts
and specialists in its own field, and would present the outline of its
proposed activities to the world parliament very much as the department
of a modern government presents its budget to the parliament of its
state. This presentation would take place through the executive
committee of the world parliament, and it would be necessary to secure
the endorsement of that committee before the plan could go before the
parliament.

When the plan was approved, the administrative board would begin to
function as a part of the machinery of the world producers' federation.
Thereafter it would serve as a part of the world administrative
mechanism, the working organization of which would remain intact, even
should there be a change of policy, in exactly the same way that the
department of state or of agriculture, in any modern government, remains
intact through the various changes of party in power.

The specialists and experts who made up the staffs of the administrative
boards would secure their appointments as the result of civil service
examinations, and would continue in their positions until some question
arose as to their efficiency. Each administrative board would be
organized into a series of departments corresponding with the unit
problems coming before the boards, with one specialist or department
head charged with the direction of each of these departments. In the raw
materials and resources board, for example, there might be one
department for each of the more important resources such as coal, iron,
copper, cotton, wool, timber, and the like. In the same way, the work of
the transport board might be divided into departments covering shipping
on the high seas, inland water transport between divisions,
inter-divisional land transport, aerial navigation not wholly within one
division, and so forth. In each instance, the task of providing an
adequate supply of the commodity or an efficient service, would fall to
the department or departments involved, while the administrative board
itself would sit as a court of last resort, and as a board of strategy
for the f