CONFIDENCE IN GOLD
, STANDARD OF VALUE
INTERNATIONAL CHAMBER
PARIS, October 22.
The council of the International Chamber of Commerce, representing 23 countries, unanimously reaffirmed it» confidence in gold as the international standard of value.
The council recognised the import" ance of the agreement between Brit tain France, and America, which, it urged, should be strengthened by tws ther collaboration, especially with re* gard to the determination of the tru« value of sterling; the franc, and th« dollar,
. The ultimate re-establishment of gold parity was rejected on the ground thtt artificial, cheap,money was essential for economic activity. ,
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Evening Post, Volume CXXVI, Issue 99, 24 October 1938, Page 9
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96CONFIDENCE IN GOLD Evening Post, Volume CXXVI, Issue 99, 24 October 1938, Page 9
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