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There are som© centers in the world whioh we oould cali oenters of economic confidence because of their economic strength and economic stability. New York, Washington, and London belong to such centers. Confidence will be re-established when the headouarters of the international sooial Insurance system is in New York or London and when an injured person receives his pensions directly from &n international board in New York or London, in United States or British ourrenoy. An exoellent opportunity is thus provided for the international system which i3 to be created. If guarantees for social seourity are backed by this international system, many important results would folIow,

To organize social Insurance on a global basis may be difficult teoh-nically, but it will not be difficult to organize it in regional, rather than national dimensions, thereby raaking persons dependent on the regional subćivisior.s of the international system. The regional Insurance organizaticn should then become a branch of and be tied up directly with the global in-stitution.

Vfhat are the advantages of such an organization?

1. It helps the individual.

It will give the individual a much greater sense of seourity. It will make him look to an international system rather than to his own State, It will teach loyalty to the international system, and give him a sense of participation, especially if he contributes his own money.

2. It helps the international system.

It gives the international system a weapon agair.st the States. It can penalize a dissident State by threatening to cut off the Insurance, No state would dare break away and lose its insurance - its own people would oppose such an action from fear of loss.

3. It makes a stronger insurance system.

From the economic point of view, it is much sounder to organize social insurances on a larger basis involving a larger number of insured persons. Much morę can be planned, and much moro can be achieved, Administration will be oheaper than that based only on national premises, within the limits of a state. The stability and the reliability of social insurance based on international principles (regional or global) is rauoh greater than the stability and reliability of those based on national principles. Con-seauently, the confidence of the insured people in the organization is muoh greater. Through international organization of social Insurance, the insurances become independent of the state as to the relation between the insured person and the insurances. The insured person receives his pension directly from the International (regional or global) office which is out-side of and unooncerned with state boundaries and is disinterested in the internal matters of the state in question.