REICHBANK’S GOLD
PUBLIC’S FEAR OF INFLATION. Basle, Dec. 8. Herr Melchior, the German delegate to the Young Plan special advisory committee, revealed that despite a favourable balance of trade of 350,000,000 marks a month, the Beichsbank gold cover has declined from 30 to 12 per cent; He declared the Government’s intention to remain on the gold standard for various reasons, including public opinion fearing inflation more than any country experiencing its disastrous results. FIVE MILLION UNEMPLOYED. “Times” Cable. Berlin, Dec. 8. The Berlin correspondent of “The Times” reports that the unemployed in Germany total 5,057,000, which is a record.
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Hawke's Bay Tribune, Volume XXI, Issue 306, 10 December 1931, Page 8
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99REICHBANK’S GOLD Hawke's Bay Tribune, Volume XXI, Issue 306, 10 December 1931, Page 8
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