... banking and business circles in Belfast the decision of the emergency meeting of the British Cabinet in regard to the gold standard came as an undoubted surprise. Leading bankers regard the decision as the proper one to take to counteract the heavy foreign ...

... which would probably have been as useless in stopping the rot as the credits already expended. Under other conditions the gold standard would have operated to the advantage of all trading nations, but when countries through lack I of experience in the operation ...

... Was Gold Standard Remo' ed Too Early. When the gold standard was restored in 1926 the action of the Government did not meet with complete approval, writes a Financial Correspondent, the view being taken by many that the return was premature and was unlikely ...

... sailors. More than anything else their action intensified the financial crisis, and hastened the dedeparture from the gold standard. The sailors may have their grievance, and we trust they will be remedied, but we have all our grievances as well as the ...

... Growers requested \lr. Scullin. Cnmmonealth Prime Minister. In cable to the British Government asking for the repeal of the Gold Standard Act, to which was ascribed the various falls in prices. Mr. Scullin was also requested to ask for the re-enactment of the ...

... Sterling DRASTIC STEPS TO STOP DRAIN OF GOLD. Chancellor Says— Your Money is Perfectly Safe. Great Britain came off the gold standard on Monday, and the Stock Exchanges were closed for several days to enable the position to be adjusted and prevent foreign ...

... of unemployed in the linen trade. I always held the view, he declared, that this country returned too quick* to the gold standard. So far as the linen trade is concerned. it has not been so prosperous since the war as when the sterling was worth only ...

... New York Approves. The partial of the Gold Standard Act by Great Britain was applauded in Wall Street circles as si constructive measure dictated by the present emergency. It was pointed out that the suspension will not affect the recent loans to Great ...

... THE CHANCELLOR'S ASSURANCE. No Need for Panic. Mr. Snowden, broadcasting on the sus- Pension of the gold standard, said:—The consequences are bound to be disagreeable. In some ways they may he serious, b4lt they will not be disastrous or catastrophic ...

... and the internal post. I Um of the country is sound. This position must be maintained. It is one thing to go off the gold standard with an unbalanced Budget, and uncontrolled inflation; it is quite another thing to take this measure, not because of internal ...