BACK TO GOLD
CONTROL OF CURRENCY
BANKER'S OPINION
LONDON, 2Sth November
Declaring that Britain, like a majority of countries throughout tho world, had failed to manage, her currency to meet world conditions arising largely out of the fall in prices, Mr. Frederick Goodcnougb, a member of tho India Council and chairman of Barclay's Bank, emphasised the need for a gradual general return to some system, involving a greater degree of automatic currency control.
The adoption of euch a system as world conditions improved would enable tho pound to return to gold. Mr. (Joodenough said that he did not believe that the different parts of tho Empiro would agree to their currency being managed from a common centra, but as the world became normal it would bo possible to provido an Empire currency to meet all requirements. There would be no bettor system than tlio old sterliug currency.
Tlio International cable uews appearing iv this issue is published by arrangement with tho Australia Press Association and tho "Sim," "Herald," News Office, limited.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19311210.2.71
Bibliographic details
Evening Post, Volume CXII, Issue 140, 10 December 1931, Page 9
Word Count
171
BACK TO GOLD
Evening Post, Volume CXII, Issue 140, 10 December 1931, Page 9
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