EXTENSION ABROAD
GOLD PURCHASE POLICY
MONETARY WAR NOT INVITED
(Received October 30, 2 p.m.) ( WASHINGTON, October 29. It was announced by the Whito House that the Government will make purchases of gold abroad as a second step in President Roosevelt's recently indipated financial policy. The purchase will bo made through units to be set up by the R.F.C., for which the Federal Reservo Bank will net as agent abroad. It is intimated that the first purchases1 will not bo Jargo, and that a monetary war with other nations will not be invited. It is indicated that the Government will consult the-Bank of England, and that American buying in the London market ■svDl not be objectionable to the British Government. The White House declined io explain tho ultimate objective. I'heir belief is that it will lead up to ■fhe stabilisation of both the dollar and the pound at a level acceptable to both Governments.
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Bibliographic details
Evening Post, Volume CXVI, Issue 104, 30 October 1933, Page 10
Word Count
153EXTENSION ABROAD Evening Post, Volume CXVI, Issue 104, 30 October 1933, Page 10
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