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Date

22 September 1931 (31)

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Wales

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South Wales, Wales

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31

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GREAT BRITAIN FIRST

... importance at the present juncture were emphasised in the admirably lucid speech with which MR. Srrownztr introduced the Gold Standard Bill in the House of Commons yesterday. The first, and probably the most essential, is confidence—confidence in our ability ...

Published: Tuesday 22 September 1931
Newspaper: Western Mail
County: Glamorgan, Wales
Type: | Words: 674 | Page: 8 | Tags: none

CALMNESS IN MANCHESTER

... and I am gratified to say that not the slightest suggestion of panic or alarm has been discerned. The departure from the gold standard, far from diminishing confidence, seemed to have operated in a contrary direction. LIVERPOOL DEALINGS CARRIED ON ...

Published: Tuesday 22 September 1931
Newspaper: Western Mail
County: Glamorgan, Wales
Type: | Words: 115 | Page: 10 | Tags: none

TRADE WILL BENEFIT

... Business Leaders' Comments. SIR D. R. LLEWELLYN Emphasises Need For Tariffs. The Government's action in suspending the gold standard was freely discussed in industrial and commercial circles on Yon- day ' and many conferences of executives of trade or ...

Published: Tuesday 22 September 1931
Newspaper: Western Mail
County: Glamorgan, Wales
Type: | Words: 126 | Page: 9 | Tags: none

By OUR CITY CORREVOADENT

... for the time l-eing. Its course naturally reflects the feeling abroad concerning our momentous decision to abandon the gold standard and simultaneously advance the Bank rate to the penal level of 6 per cent. Throughout the clay the exchange value of the ...

Published: Tuesday 22 September 1931
Newspaper: Western Mail
County: Glamorgan, Wales
Type: | Words: 1614 | Page: 16 | Tags: none

CAUSE OF NERVOUSNESS

... the POnation bad beams so serious that it was quite evident it could no longer be dealt with except by suspending the gold standard, and so the Bank of England addressed a message in tha following terms to the Prime Minister and myself:— 'I am instructed ...

Published: Tuesday 22 September 1931
Newspaper: Western Mail
County: Glamorgan, Wales
Type: | Words: 744 | Page: 5 | Tags: none

THE WORLD & THE L

... followed London's lead remained closed on Monday as the result of Great Britain's decision temporarily to abandon the gold standard. Reuter messages show that Paris, like most of the other markets that opened for business, was closed to foreign exchange ...

Published: Tuesday 22 September 1931
Newspaper: Western Mail
County: Glamorgan, Wales
Type: | Words: 256 | Page: 10 | Tags: none

UNITED STATES AND FRENCH GOLD

... must protect ourselves. His Majesty. Government, therefore, ask Parliament to suspend temporarily the provisions of the Gold Standard Act and to authorise such other measures as may be necessary to protect our position. Happily, we are forced to do this ...

Published: Tuesday 22 September 1931
Newspaper: Western Mail
County: Glamorgan, Wales
Type: | Words: 272 | Page: 5 | Tags: none

COAL AND FREIGHTS

... result of a lack of inquiries, there was a hopeful feeling amongst colliery owners and coal exporters that going off the gold standard would benefit the export trade, and that it would enable South Wales aril other United Kingdom producers to compete on ...

Published: Tuesday 22 September 1931
Newspaper: Western Mail
County: Glamorgan, Wales
Type: | Words: 818 | Page: 15 | Tags: none

BELIEF THAT TRADE WILL

... of the London Stock Exchange were naturally bewildered this morning with the news that Great Britain had suspended the gold standard. They naturally knew that conditions at the end of last week were bordering on chaos. They did not, howover, anticipate ...

Published: Tuesday 22 September 1931
Newspaper: Western Mail
County: Glamorgan, Wales
Type: | Words: 991 | Page: 16 | Tags: none

NO NEED FOR HOARDING OR RISE IN PRICES

... inevitable. He believed that it would be beneficial. We as a nation had been attempting the impossible in carrying on the gold standard since 1925 and Free Trade against countries which had both depreciated currencies and tariffs. It was certainly a blow ...

Published: Tuesday 22 September 1931
Newspaper: Western Mail
County: Glamorgan, Wales
Type: | Words: 414 | Page: 9 | Tags: none