... who was formerly Communist M.P. for Motherwell. Mr. Newbold wrote in the course of his letter: “For Britain to off the gold standard starvation for millions, sheer stark famine for the working classes.” Mr. Newbold enclosed a copy of a letter which has ...

... has announced his support of the National Government. In a letter to Mr. Snowden he declares : “For Britain to off the gold standard is starvation for millions, sheer stark famine for the working classes.” Other matter relating to the political situation ...

... recent events have enabled these efforts to be relaxed to some extent. The rise, which has occurred in rates the principal gold-standard countries has carried them in most cases well above the gold export points from London. Consequently during the past week ...

... succeeded-in restoring the gold standard after the war. hope-we are justified in our self-confidence f Vut pdint cut that in two essential respects our position is npt what it wits whenwe were struggling back to the gold standard in 1922-24.- In the first ...

... OUR OWN POSITION The effect on our own position would be serious enough to make us think twice j about gooig off the gold standard. ■‘The shock confidence would check buiness and aggravate the prevailing trade depression,” continued Professor Clay. The ...

... irst, that the shock of going off the gold standard would not dislocate and check trade far more than any inflation would stimulate it; and 1 secondly, that our competitors would not also go off the gold standard and reduce their wage-costs still more ...

... the course it actually took, and going off the gold standard. If England went off the gold standard, tho first result would be,a flight from the pound. The right to gold on demand that the gold standard gave was guarantee to the holder of sterling that ...

... been taken regards this specific crisis the position would have been that sterling would not merely have gone off the gold standard, the pound sterling would not ante© that those nominal wages will be worth half what they are worth now. (Cheers and i ...

... wages, j because they were temporary secondly, because they were to balance the Budget and mainly) the gold standard. He argued well, if the gold standard were maintai 11 even by cuts, the Government retain control of the standard of but if sterling fell ...

... * * * GOLD STANDARD: Before the war gold freely circulated and formed a common basis for the currencies of the leading nations. Thus 25.22 francs were worth the same quantity of gold as one pound, and 4.8665 dollars contained the same amount of gold as ...

... PANIC IN CITY. France and the United States could not afford to allow this country to go off the gold standard, and in his opinion credits would have been forthcoming if courage and resolution had been shown. He had had a long experience in the City, ...

... MAXTOH S GLOOM. TALK OF A REVOLUTIONARY SITUATION.” Mr. MAXTON (Soc., Bridgeton) said the fundamental issue vas not the gold standard. It was the question of how the unemployed in these islands were going to treated. The real issue to bo fought out was ...