VALUE OF STERLING
3.45 P.M. EDITION
STABILISATION QUESTION. (United Press Association —jjy Electric Telegraph —Copyright.) Received December 7. 1.50 p.m. LONDON, Dee. 6. The Observer’s diplomatic correspondent, in reference to the stabilisation of the pound, says the British Ministers told AI. Flandin, the French Finance Alinister, that this could not be effected until three conditions were fulfilled:
(1) The British trade balance must be restored.
(2) The reparations problem must be settled on a permanent basis.
(3) A guarantee must be forthcoming that the international monetary policy must not again be misused as an instrument against the pound if, and when, it is restored on gold basis.
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Bibliographic details
Manawatu Standard, Volume LII, Issue 6, 7 December 1931, Page 2
Word Count
107VALUE OF STERLING Manawatu Standard, Volume LII, Issue 6, 7 December 1931, Page 2
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