... the announcement of the policy it would have gone with a crash, and the country would have found itself heaved off the gold standard. To the extent of three-quarters it depends for its food supplies on foreign imports, and within an hour of the Government's ...

... command, long before the election month was up the flight from the pound would be complete, the country would be off the gold standard and obliged to buy its food supplies and raw material with inflated paper money. A general election immediately after the ...

... problems and face the facts. Mr Ernest Bevin said this country made the biggest blunder in its life when it returned to the gold standard in 1925. He declared that the Budget will add nearly 10 per cent, to the commodity value of the National Debt. I told ...

... nature. The country, he said, did not realise how close to the edge of the precipice it had been. Had we gone off the gold standard it would not have been a question of a 10 per cent, reduction in benefits. You would still have got your paper pounds ...

... held 1350 million pounds worth gold, or two-thirds of the whole of the world's gold. There was nothing wrong with the gold standard, but two-thirds of the gold had been impounded and a great part of the effort of the world had been frozen. NEVtf INDEX ...

... IS THE GOLD STANDARD POSSIBLE? The nation is present in the throes of a great effort to maintain the gold standard and save the pound, but the question is simmering in many minds whether, in present circumstances, the aim is possible. was raised in more ...

... of taking action to arre6t it a second time. Long before the result of the polls was known we might be tumbled off the gold standard and reduced to the necessity of buying our foreign food with rapidly depreciating paper. With a National Government making ...

... whole basis of valuation. The Government had told them that recently tho pound was in danger not only of going off the gold standard in orderly legislative fashion, but of being tumbled off by force in the open market. Widely-Spread Interests. The Government ...

... deeply we may resent them —could have been resisted unless those who did so were prepared for this country to abandon the gold standard in the event of loan being refused. No Alternative Unless and until the desirability taking such step is faced—as it ...

... BRITAIN OFF GOLD STANDARD CABINET'S SUNDAY DECISION EMERGENCY BILL! BANK RATE UP TO-DAY SIX PER CENT All Stock Exchanges Closed A grave turn in the financial crisis arose during the week-end. The Cabinet and the Governors of the Bank England held meetings ...

... Bank Act . y legislation. *V in , . ' > H P°rtant that the general knowledge of the work- ing of such things as 1 * the gold standard and ' exchange dealings V many cases limited, ;' that the step the Gov/ taken in suspending the - ar( i and closing the ...

... A GRAVER CRISIS—BRITAIN OFF THE GOLD STANDARD Courier anb Ebvertiser DUNDEE. MONDAY, SEPTEMBER 21, 1931. The country will awake this morning to the startling news that it has •' gone off the gold standard, and that all the inevitably sensational steps ...