WORLD CURRENCY

Manawatu Standard, Volume LVI, Issue 262, 3 October 1936, Page 7

WORLD CURRENCY

FAR-REACHING CHANGES. SIR ROBT. HORNE'S VIEW. BENEFIT TO COMMERCE. (United Press Association—By Electric Telegraph—Copyright.) Received October 3, 11.5 a.m. RUGBY, Oct. 2. At a meeting of the Association of British Chambers of Commerce at Cardiff, Sir Robert Horne referred to the currency agreement between Britain, France, and America. He said: “This arrangement is going to have an effect on the whole of tiio currency systems of the world. It will mako it far easier to conduct business. The foundation on which this new system is erected is the fact that these countries have at hand lor this operation an immense sum of money by which these exchanges can be regulated. I look forward in a future not too remote to seeing the whole ol the international trade of the world completely revolutionised. I believe that instead of the inflexible regulation of money transactions we shall have a much more elastic method by which the currencies of the world will be stabilised through the operation of theso exchange funds.” M. Leon Blum has arrived at Geneva. He began a series of private talks at a luncheon which he gave in honour of Mr R. A. Eden. Paris Press reports anticipate that, as a result of the visit, the French initiative in favour of setting up a European economic financial committee along the lines suggested by the late M. Briand will taae an active form.