CRISIS IN HOLLAND
Belief That Country May Go Off Gold
GUILDER WEAKNESS
Cabinet Resignation
Possible
By Telegraph.—Press Assn.—Copyright
(Received July 25, 7.5 p.m.)
Amsterdam, July 25.
In consequence of the Catholic Party's refusal to support Government economy measures, the guilder is facing a. crisis. The Netherlands Bank lost £7,000.000 in gold in the day. raising the rate to five per cent. Cabinet is postponing for 24 hours a decision as to whether it will resign or dissolve Parliament.
“The Times” city editor says that the weakness in the guilder spread to other gold currencies, necessitating the intervention of the Equalisation Fund. The belief that Holland will abandon the gold standard resulted in rises in Unilevers, Royal Dutch and similar international shares.
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Bibliographic details
Dominion, Volume 28, Issue 256, 26 July 1935, Page 11
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121CRISIS IN HOLLAND Dominion, Volume 28, Issue 256, 26 July 1935, Page 11
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