... THE GOLD STANDARD. INTERRUPTION BANKING BUSINESS. BANK RATH RAISED. The following statement wasf issued from 10, Downing street, on Sunday night: His Majesty's Government have decided, after consultation with the Bank England, that it has become necessary ...

... dollars became one to the £ and all other foreign currencies appreciated In similar way. We have yet to see how other gold standard countries (excluding America and France) will be influenced by our decision. The example of Great Britain may. and probably ...

... IN EXPORT PREMIUM. More responsible members of the Stock Exchange have not subscribed to the view that by 7oing off the gold standard the trade difficulties of this country have been solved as by a stroke of the pen. In the near future second thoughts on ...

... the old men and the old ways, and came out into the open to ask Britain to wake up. He declared that in going off the gold standard the Government had stumbled by accident upon somethinr , which all along the New Party had ad vocated by plan. Whilst ...

... On 31inidas Mr. Snowden. Chancellor of thi. Exchequer. in • broadcast talk at the Got ernment's decision to simpeud the gold standard. raid: When. a fortnight ago. I spok. on the Buyer. of inflation the great depreciation of sterling, I was referring to ...

... would enable the bank to survive a delicate situation Illruseels.— There is no question of Belgium going oft the gold standard, said the Governor of the National Bank of Belgium. New Yerk.—The stock market seesawed feverishly, hut closed strong ...

... the export advantage will disappear, and there will be greater impoverishment among our customers. The £ without the gold standard Is like a ship without a rudder. 1141 E rising cost of living which must inevitably, if gradually, follow the decline in ...

... the disasters that happened in Germany when the German currency was inflated in 19'23. On Monday last we invent off the gold standard, and on that day the Chancellor spoke in a different tone, and said that he saw no reason why sterling should depreciate ...

... sensational measures had to be taken to save the situation; and on Monday morning this country was faced by the fact that its Gold Standard had been abandoned. That is, it no longer guaranteed payment gold for its paper money: and consequently, as many tourists ...

... LATEST NATIONAL Suspension of Gold Standard and Raising Of Bank Interest. WHY THESE STEPS HAD TO BE TAKEN. suddenly suspended the Gold On Monday of this week the Standard. which was restored is 1V25 At the same time the Bank rate of interest was increased ...

... should follow the example of France, it had to be remembered that there was a deal of difference between going off the gold standard and what happened in France. The facts were that this country found itself faced with a huge deficit in the budget, and ...

... ndencies to the Government and g authorities, and made clear the ne istic a step as the suspen ssity of sod on of the gold standard, The week-enc | we time for ch wo this far ive time for approach to tins ar aching deeision which involved the osing of ...