RUN ON GOLD
FLIGHT OF CAPITAL FROAI SWITZERLAND FEARS OF DE-VALUATION (U.P.A. by Elec, Td Copyright) (Received April 9, 8.50 p.m.) LONDON; April 9. The Daily Herald's financial editor says that tho serious flight of capital from Switzerland owing to fears •of de-valuation, is .shown by the Swiss National Bank report, revealing that gold withdrawals; on " Saturday totalled nearly £8,000,000, mostly for-eigh-owried. Foreign balances in Switzerland are estimated at £167,060,000. , . A meeting of the .Bank of International Settlements at ‘. Basle , cohsidered the situaton of tiro gold bloc countries, hut has not decided on any action. .j * .' . The general attitude of non-gold countries is that ■ the 1 gold bloc is doomed and that nothing should b© done to prolong its; life.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GIST19350410.2.34
Bibliographic details
Gisborne Times, Volume LXXXII, Issue 12525, 10 April 1935, Page 5
Word Count
120RUN ON GOLD Gisborne Times, Volume LXXXII, Issue 12525, 10 April 1935, Page 5
Using This Item
The Gisborne Herald Company is the copyright owner for the Gisborne Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.