I gather that there was some feeling in outside circles that this year the annual discussion of Fund affairs might be unremarkable. That was never my own view; nor is it the impression with which I am left as these sessions draw to their close. During this last difficult year, much solid progress has been made toward restoring stability in the world monetary system, but there is no cause for complacency. The discussions during the last few days have reflected keen awareness of this fact and have properly laid stress on work still to be done. Some stimulating ideas and suggestions have been advanced, and Governors may be assured that these will be given careful consideration in the Fund.