GOLD PRICES.
REPORT OF LEAGUE COMMITTEE MINORITY REPRESENTATION. • _ (United Press Association— Copyright) GENEVA, June U. The return to the gold standard and the desirability of a rise m price levels, aided by the central banks are advocated in the final report of the gold delegation of the financial committee of the League of Nations. The return to the gold standard, however, cannot be expected pending restoration of a reasonable degree of freedom in the movement of goods and services, the settlement of reparations and war debts, and the establishment of certain guiding principles in the working of a gold n considers that a rapid decline in prices tha?' began in 1929 cannot be attributed to a deficiency in the supply of gold which has been adequate to support the credit structure required by the Board of Trade. A minority report, signed by the chairman (Mr Albert Jandsen), Sir Reginald Mant and Sir Henry Strakosch, contends that the dominant cause of the breakdown was maladministration of the gold reserves, beginning in 1929, and emphasises the practicability of restoring and maintaining the gold prices at a suitable level by a concentrated attempt to restore wholesale prices to the 1928 level.
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Ashburton Guardian, Volume 52, Issue 205, 11 June 1932, Page 5
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198GOLD PRICES. Ashburton Guardian, Volume 52, Issue 205, 11 June 1932, Page 5
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