WANTED WAR CHEST
SIR R. MS IDEAS. \ . | LIABILITIES AND RESERVES. ENGLAND'S BANKING ARRANGE- . .MENTS. bt telegram—press association—copthight. (Rec. March 27, 9.50 p.m.) , London, March 27.' Lecturing on the necessity of a War Cliosb in Britain, or a greatly increased gold reserve, Sir Robert Giffon referred to the pos"sibility of some great war breaking down the wholo system of international credit, and emphasised tho contention that tho banking position was one of real danger, for, against liabilities which exceed £900,000,000, tho available reserves at, most did not exceed £50,000,000. Ho suggested that the Government .should take such measures with its own banking arrangements as to utilise its special relations with the Bank-of England to enable tho Bank to add to its normal reserve in times of peace. .
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https://paperspast.natlib.govt.nz/newspapers/DOM19080328.2.28
Bibliographic details
Dominion, Volume 1, Issue 158, 28 March 1908, Page 5
Word Count
126WANTED WAR CHEST Dominion, Volume 1, Issue 158, 28 March 1908, Page 5
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