GOLD STANDARD

Feilding Star, Volume XVIII, Issue 4593, 20 May 1922, Page 1

GOLD STANDARD

AFRICA FAVOURS ITS RETURN. (By Electrio Cable—Copyright.) (Aust. and N.Z. Cable Association.) Capetown, May 18. Tho report of tho ‘ conference appointed to consider the currency question recommends that, stops bo taken to prevent further inflation of the currency, and that tho policy of a return of the gold basis be steadfastly pursued. Tho report emphasises the necessity for maintaining the gold standard and a free market in gold, but since immediate deflation might result in a grave crisis, it suggests an extension of the inconvertibility of gold certificates till June, 1925. It recommends the removal as soon as possible of the embargo on the export of gold and bullion, and that export and import be freed from all restrictions.