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GOLD DEVALUATION

[FEARS IN EUROPE

A RUSH TO BUY STERLING.

(United Press Association—By Electric Telegraph—Copyright)

(Received this day at 9 a.m.) LONDON-, May 14,

Increasing fears of devaluation by the remaining European gold bloc currencies, caused another rush to buy sterling and a flight of capital to London ]e t l to a weakness in French and Swiss francs and the Dutch gilder. • Rumours of increasing enthusiasm for devaluation among Frenoh business interests precipitated heavy sales of French francs.

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https://paperspast.natlib.govt.nz/newspapers/HOG19350515.2.37

Bibliographic details

Hokitika Guardian, 15 May 1935, Page 5

Word Count
79

GOLD DEVALUATION Hokitika Guardian, 15 May 1935, Page 5

GOLD DEVALUATION Hokitika Guardian, 15 May 1935, Page 5

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