... of gold by the Bank England. The Bill itself can be explained in a very few words. Under the Gold Standard Act, 192.5. which brought Britain on the gold standard after it had been suspended from about the beginning of the war—under this Act the Bank of ...

... that it was quite likely that the first effect of going off the gold standard would to give temporary fillip certain export trades. But it was also certain that if remained off the gold standard the purchasing power of the pound would be reduced, and the ...

... CTO Chinese police preparatory to restoring Chinese control in the city. BILL TO AMEND GOLD STANDARD ACT. Freeing Bank of England from Liability. The Gold Standard (Amendment) Bill was introduced in the House Commons yesterday by the Chancellor of the ...

... NEW STEPS TO CORRECT TRADE BALANCE. Government Leaders Determined to Go Ahead. GOLD STANDARD BILL PASSED. Effect of Decision on Paris and New York Money Markets. ...

... level, whatever that might be. Coming off the gold standard was not the tragedy it had been represented to be by supporters of the Government and the Press, who had talked as if going off the gold standard meant the end the world. the interests of the ...

... pressing problems the trade balance have not been weakened by the fact that the country has for the time being gone off the gold standard. At the usual Monday night meeting of the Conservative 1922 Committee—which voices the views Conservative bach benchersthe ...

... first sub-section reads: Unless and until His Majesty by proclamation otherwise directs, Subsection 2 of Section 1 of the Gold Standard Act, 1925, shall cease at once to have effect notwithstanding that Subsection I of the same section remains in force. “ ...

... EXCHANGE TO REMAIN CLOSED The Gold Standard (Amendment) Bill, introduced by the Government to suspend the operation of the Gold Standard, passed through all stages in the House of Commons and the House of Lords last night and received the Royal Assent ...

... from the gold standard will give us a better chance of exporting, and it ought to tend to stop the importation of goods to some extent. Mr, Fred Mills, president of the Federation Master Cotton Spinners: If a departure from the gold standard means inflation ...

... taken any other course than that now adopted. During the past six years London has made gallant efforts to maintain the gold standard and bear almost unaided the burden of supplying the world's gold demands. The strain has been too great, and we have now ...

... to-day was serious, yet anything but panicky. It was generally agreed that cannot tell what the effect of going off the gold standard will be on employment and exports—which many think will be now stimulated —until we know how far the pound sterling will ...

... slightest trace ot ex. citenient in the City as the result the decision of the Government to suspend the operation of the gold standard. The situation has been accepted with the utmost calmness, and business at the banks has proceeded on perfectly normal ...