COMMENT IN LONDON
LONDON, 25 th March.
The "Morning Post's" financial editor says that Mr. Theodore's speech was one of the most serious received from Australia., but if the London market could be assured that necessary reforms would be carried out, there should be no difficulty in obtaining credits to tide over the crisis.
Mr. Theodore's statement that Australia is off the gold standard goes to the root of the trouble. The gold standard and other sound banking measures can be defeated if economy in costs of production is subordinated to political expediency.
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Bibliographic details
Evening Post, Volume CXI, Issue 72, 26 March 1931, Page 13
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93COMMENT IN LONDON Evening Post, Volume CXI, Issue 72, 26 March 1931, Page 13
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