Payment in Goods The Only Feasible Way
SUGGESTED EMPIRE CONFERENCE ON UNEMPLOYMENT.
United Press Association—By Electric Telegraph—Copyright LONDON, Jan. .19. At the annual meeting of Barclay’s Bank,- the chairman; Mr H. Goodenough, thought that Britain’s proposal for payment to America of further sums in gold might be dismissed as impracticable. The only alternative was payment in goods. “If America desires payment,’’ Be said, “she must take it this way and make payment possible by readjustment of tariffs. America will sooner or later have to choose betwee* adjusting her economic policy and forgiving in whole or part the debts due to her. “Britain’s return to the gold standard is impossible until she can feel ■ sura that the conditions are such that she and other countries will not again be forced to suspend it.” Regarding the industrial situation. Mr Goodenough suggested that it might bo possible to hold an early conference with the Dominions with the object of arriving at means to alleviate the great evil of unemployment.
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Manawatu Times, Volume LVI, Issue 7062, 23 January 1933, Page 3
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166Payment in Goods The Only Feasible Way Manawatu Times, Volume LVI, Issue 7062, 23 January 1933, Page 3
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