ECONOMY IN GOLD.
International Agreement for
Rationing.
MATTER TOR THE LEAGUE.
(British Official Wireless.)
RUGBY, July 25,
In tho House of Commons tho Chancellor of the Exchequer, Mr. Philip Snowden, was asked what steps he pro posed to take to arrive at an international agreement for rationing and economising the use of gold, in order to stabilise its value in relation to commodity prices. Mr. Snowden replied that the causes of tho fluctuation in the value of gold were under consideration by a delegation from the Financial Committee of tho League of Nations, which was expected to report to the League. This report would also, he had no doubt, be considered by the Committee on Finance and Industry which had been set up by the Government. Mr. Snowden was also asked : f he would make representations at the f oi thcoming Imperial Conference, with a view to rationalising and economising the gold supply.
Mr. Snowden said he did not think it fell within the province of the Imperial Conference. It was Avholly an international question.
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Auckland Star, Volume LXI, Issue 175, 26 July 1930, Page 9
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175ECONOMY IN GOLD. Auckland Star, Volume LXI, Issue 175, 26 July 1930, Page 9
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