MONETARY BASIS.
BIMETALLIC STANDARD. SIR R. HORN© ADVOCATES
LONDON, March 14. "Tho darkest" cloud has a silver lining," Sir Robert Homo, M.P., told the Wool Research Association at Bradford, when urging the remonetisation of silver as a solution of the problems due to the scarcity of gold. "I am glad to see," said Sir Robert, "that ,a recent statement of the Chancellor of the Exchequer (Mr Neville; Chamberlain) showed that the world required some metallic basis as the foundation of international exchange. "This implies tho contemplated possibility of a return to a. standard composed of gold and silver, which 1 believe the safest method for reversing the present disastrous deflation and alleviating future difficulties." Sir Robert emphasised that America and Canada, favoured the restoration oi silver He said he believed that Australia at Ottawa would support Canada, and that as a result- Britain would be asked to consider a monetary policy with regard to gold and_silvei. «I believe," added Sir Robert, "that tho Empire is .able alone to establish a currency suiting its component parts, and America and Britain conjointly should be able to establish a bimetallic- standard which would contribute to the solution of the most difficult financial problems.'
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AG19320331.2.48
Bibliographic details
Ashburton Guardian, Volume 52, Issue 145, 31 March 1932, Page 5
Word Count
200MONETARY BASIS. Ashburton Guardian, Volume 52, Issue 145, 31 March 1932, Page 5
Using This Item
Ashburton Guardian Ltd is the copyright owner for the Ashburton Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Ashburton Guardian Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in