"FINANCIAL TIMES" APPROVES
LONDON, November 4.
China's decision to call in silver, and other measures, are described by the "Financial Times" as an achievement of the first magnitude. The world has been given a memorable reminder that China, amid all her internal difficulties, is still capable of evolving great and constructive plans. That she lately received advice from a British expert does not alter the significance of the adoption of a new financial system which will conform broadly to that which is serving this country so well. I The reduction of her dependence upon silver for internal circulation will provide a means of breaking free from internal price upsets and other evils which flowed from artificial interference with the world value of the white metal by the United States.
The Chinese Government undertakes to balance its Budget within 18 months and pledges itself against inflation.
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Bibliographic details
Evening Post, Volume CXX, Issue 110, 5 November 1935, Page 9
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145"FINANCIAL TIMES" APPROVES Evening Post, Volume CXX, Issue 110, 5 November 1935, Page 9
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