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... 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 ...
... 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 ...
... 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 ...
... TRADE WILL BENEFIT. Gold Standard Not a Necessity. BUSINESS MEN'S VIEWS. The Government's decision to suspend the gold standard was much discussed in. industrial and commercial circles yesterday, and many conferences of executives of trade organisations ...
... OFFICE—I 2 RENFIELD STREET. ABERDEEN, WEDNESDAY, SEPT. 23, 1931 Some Good Results of Gold Standard Move. The bright side of Britain's temporary abandonment of the gold standard can be seen already.. To foreign countries it has come like a cold douche, awakening ...
... was going to affect multitudes of the population which had already less money to spend as a result the suspension of the gold standard. The Government found no difficulty in carrying tho guillotine motion by 283 to 216, a majority of sixty-seven. Navy Cuts ...