BEAVERBROOK VIEW.
Crux of World Financial
Crisis.
HINT TO CANADIAN FARMERS
HALIFAX, August 17
Lord Beaverbrook in an interview at Halifax, said the large short-term credits extended to Germany by Britain and the United States formed the crux of the present world financial crisis. The satisfactory disposal of these gigantic immediate obligations, which up to the present had baffled the efforts of international experts, was the only avenue which offered hope of a solution.
Lord Beaverbrook said the impreesion in Canada that tho British wheat market had been captured by Russia was a complete fallacy. Argentina had captured tho market. She sent 10 times as much wheat to Britain last year as in 1929. That was what caused the break in prices and at the moment when Argentina was making increased shipments Canadians were holding .back their wheat for improved prices.
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Bibliographic details
Auckland Star, Volume LXII, Issue 194, 18 August 1931, Page 7
Word Count
141BEAVERBROOK VIEW. Auckland Star, Volume LXII, Issue 194, 18 August 1931, Page 7
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