THE WORLD’S ILLS.
NEEDS OF BRITAIN. With 40 countries following sterllng, Britain, with imagination and courage, could give the world a lead which lias been wanted for three years, said Lord Leverhulme, in his presidential address to' the London Chamber of Commerce. Leverhulme, says the Times, urged the Empire to decide on a monetary system, according to the economic and social structure of the 20th century,- and added that, although protection helped Britain to adjust her balance of trade, it closed the main safety-valve of other nations, which we I r ° thu ? brought nearer to disaster. Ultimately, the speaker said, the world would be forced to find a monetary system which would render unnecessary the present • search for the impossible, in which' each country was trying to have a surplus of exports over imports and simultaneously renising to take its credits out of other countries in goods and services.
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Manawatu Standard, Volume LIII, Issue 136, 9 May 1933, Page 2
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149THE WORLD’S ILLS. Manawatu Standard, Volume LIII, Issue 136, 9 May 1933, Page 2
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