THE WORLD CRISIS
BRITISH BANKS’ PART OF IMMENSE SERVICE (British Official Wireless.) Press Association—By Telegraph—Copyright. RUGBY, January 21. (Received January 22. at noon) Reviewing the world financial crisis, Mr Frederick Gnodenough (chairman of Barclay’s Bank? said that the British banks had been able, not only to meet the requirements of the crisis, but had also given a helping hand in many directions, both at home and abroad, which had been of immense service. The immediate cause of the crisis had been the fall in gold and tho prices of commodities, and the fundamental causes were the problems of tariffs and payment of Avar debts and reparations. If these could be dealt with effectively a period of increasing prosperity could be anticipated. Regarding the British trade position Mr Goodenough described the outlook as more hopeful.
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Evening Star, Issue 21007, 22 January 1932, Page 9
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134THE WORLD CRISIS Evening Star, Issue 21007, 22 January 1932, Page 9
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