FALL IN STERLING
STABILISATION OF POUND CONDITIONS TO BE MET REPARATIONS A FACTOR (United Prpss Association —By Electric Telegraph Copyright.) Received 9.30 a.yi-> to-day. LONDON, Dee. 0. The “Observer’s” diplomatic correspondent, in reference to the stabilisation of the pound, says that British Ministers told M. Flaudin that this will not be effected until three conditions are fulfilled. Firstly the British trade balance must be restored; secondly, the reparations problem must be settled on a permanent basis; thirdly, a. guarantee must he forthcoming that the international monetary policy must not again he misused as an instrument against the pound if and when it is restored to the gold basis.
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Bibliographic details
Hawera Star, Volume LI, 7 December 1931, Page 5
Word Count
108FALL IN STERLING Hawera Star, Volume LI, 7 December 1931, Page 5
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