“DUMPING” OF GOLD
America Considering Plan to Check It IMPORT TAX SUGGESTED By Telegraph.—Press Assn.—Copyright. (Received April 20, 11.25 p.m.) New York, April 20. The “New York Tinies” says Wall Street sources are informed that President Roosevelt’s economic advisers are considering positive measures to check the flow of gold from abroad. A decision as to the type of action has not been reached, but the Administration is convinced that the present situation permits other nations virtually to dump gold here, and requires the Treasury to borrow money to pay. This must be corrected. The plan which is receiving foremost consideration is an import tax or licence fee of sufficient- size to deter imports. This would be equivalent to a reduction in the Treasury’s buying price and may account for reduction rumours, which officially are denied.
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Dominion, Volume 30, Issue 175, 21 April 1937, Page 11
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135“DUMPING” OF GOLD Dominion, Volume 30, Issue 175, 21 April 1937, Page 11
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