... No Cause For Alarm or Panic. Mr Snowden, Chancellor of the Exchequer, broadcasting last night on the suspension of the gold standard, said that the consequences were bound to disagreeable in some ways. They may be serious, said, but they will not bo disastrous ...

... LONDON, Monday. The money market was greatly disorganised by the advance in the Bank irate and the decision concerning the gold standard. The one consideration was the eouTse of sterling in relation to foreign currencies. This was watched with great anxiety ...

... of a hastily-convened meeting of the Cabinet, held on Sunday night, it was decided that Britain should depart from the gold standard. Yesterday the House of Commons adopted the measures necessary to give effect to this decision. It had been thought that ...

... important that the country should fully realise that the suspension of the sale of gold at a fixed price, as provided by the Gold Standard Act of 1925 will not interfere with the daily operations necessary for the carrying on of the business of the country as ...

... COMPROMISE. (By Our Political Correspondent.) WESTMINSTER, Monday. The political reactions of the decision to suspend the gold standard formed the dominant topic of discussion at Westminster to-day. It was freely asserted in those quarters which have fought ...

... TUESDAY, - SEPT. 22, 1931. Financial Panic All Outside Britain. The Bill enabling Britain to depart temporarily from the gold standard went through Parliament yesterday at speed and with an absence of friction which will indicate to the world that the r ...

... Bill was proof the Government's failure, becauso there had been no panic, said that if we had gono off sterling and the gold standard in the early days the crisis with unbalanced Budget would have been driven into printing paper money to meet internal ...

... a country like France, paying at the rate of 4s in the pound and already owing us money, was keeping the pound on the gold standard ? That is a dilemma concerning which 1 would like to hear him say something. WHERE BRITAIN FAILED. My Boothby—lt may well ...

... NEWS SUMMARY. Parliament. The Bill suspending the gold standard passed through all its stages in both Houses and received the Royal assent. Pay cuts for the teachers, the police, and the three armed services will now not be more than 10 per cent., the ...

... POUND WILL NOT GET OUT OF HAND— MR SNOWDEN. COUNTRY'S INTERNAL FINANCES ON SOUND BASIS. Why We Were Forced To Suspend Gold Standard. CHANCELLOR'S HINT OF FISCAL CHANGES. Repugnant Expedients In Tackling Adverse Trade Balance. (From Our Parliamentary ...

... for the time being. Its course, naturally, reflects the feeling abroad concerning our momentous decision to abandon the gold standard and simultaneously advance Bank rate to the penal level of 6 per cent Throughout the day the exchange value cf tho £ was ...

... add to the ce British stability. Changing Front? ' cr Many astute political s detected in Mr Hender* 01 ' a during the gold standard n j the House to-day a e ' 1 ' 1 | formally associated with eQ { | Government. The ta . SA has Socialists' official opposit ...