... admitted those who hold this view that a breathing space is necessary alter so drastic a step as the suspension of the gold standard. Time must elapse to allow the pound to settle. It is impossible to lorsee how long it should betore it rests a comparatively ...

... FOREFRONT. The Daily Telegraph states: —The one good point—however temporary in unalloyed advantage—about the suspension the gold standard is that it will assist the export trade. [But it will only very little way towards redressing the adverse balance of trade ...

... METALS, Sept. 21.—Bank rate raised to 6 per cent. Following on the intimation that this cuontry had departed from the gold standard all commodity markees were strong to-day, and seller* were naturally shy. Copper opened an advance about £l, and prices ...

... Treasury under Section 1 (3) of the Gold Standard (Amendment) Act, which was passed through Parliament on Monday night:— The Lords Commissioners of his Majesty's Treasury in pursuance of Section 1 (3) of the Gold Standard (Amendment) Act, 1931, hereby order ...

... depend upon developnion London and their reaction in Germany, «The recent events in London have i us” he said, “that the gold standard is untenable at present because the stock gold is so unevenly distributed. British crisis will open the eyes of tho-e have ...

... five days.—Reuter. CANADA TO RETAIN GOLD STANDARD. Prime Minister’s Statement Commenting briefly on the announcement from London, the Prime Minister, Mr. Bennett, said; for Canada, we purpose maintain the gold standard. What Great Britain may do » for the ...

... NO DEBT REPUDIATION It may, however, he objected those are unfamiliar with financial matters that, hv abandoning the gold standard, Great Britain has repudiated, in some degree, debts due us foreign countries who have always regarded a payment in pound ...

... arising from opposition to their proposals had compromised tho revival ol confidence. For seven years we were off the gold standard during and after the war. There was no reason why should not regain an evoo keel, provided the national finances were adroiniei ...

... panicky tendencies the whole situation will steadily improve. KEVIBED ESTIMATE When the news that Britain was off the gold standard was announced this morning the comment most politicians was Well, any rate that dispose of the general election. Reflection ...

... has found that forces have been too strong. The people of this country must remember that after the war we were off the gold standard, and for seven years we saw the value of gold rising steadily. History will repeat itself, and those. who have adopted ...

... Street -TV money market, as might expected, a very unsettled condition to-day ■ the decision to drop for the time • tic gold standard and the consequent 'ncc to 6 per cent, in the Bank Rate. There active demand for money, and while . rnor al rate for fresh ...

... Provinces yesterday, and some towns the local Chamber Commerce met. It was stated in Manchester that the departure from the gold standard, far from diminishing confidence, seemed to have operated contrary direction. The uncertainty of the foreign exchange had ...