APPEAL TO GOLDHOLDING COUNTRIES
Need for Restoring 1 Price Levels. \v\n debts problem. Geneva. .ran. 1 2 '1 In' BriH-h Covi-mnieii!, through I!k- League of Nations, after communicating with members of (ho Europuiii Viiion Commission, Is;;;- issued mi aii |H.'a 1 (o Uio [rrcat gold-holding countries to lake appropriate am ion to restore price levels thismghoui l!io world. Tin- British Government considers thai watertight customs unions must always infringe the most-fav-oured nation formula. and it, foresees miHi infringement. in imiiiliers of coinmercial treaties to wiiich Uriiain is minatory. The guarantees mentions'll in t!ie expert report do not eliminj!c tin* ohji'dions inlierenl in it. The inly n medy for the contraction of foreign credits i-- action by inuntrks with abnormal stocks of gold, The British statement emphasises the fa.-t ‘bat i! is tlu- Government’s conviction ilia* the war debts, problem must be iolveo before the normai inovemeiu d’.capital can In restored and world prosperity ensue.
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Bibliographic details
Bay of Plenty Times, Volume LX, Issue 10771, 18 January 1932, Page 3
Word Count
154APPEAL TO GOLDHOLDING COUNTRIES Bay of Plenty Times, Volume LX, Issue 10771, 18 January 1932, Page 3
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