GOLD STANDARD.
MAINTENANCE DESIRED.
A FRENCH STATEMENT. United Press Assn. —By Electric ’Telegraph—Copy ri gh t PARIS, July 9. A communique is being issued announcing a complete agreement on the means of giving effect to the declaration of the gold standard Governments in favour of the maintenance of the gold standard at the present rates. The communique was issued after a day-long meeting with the governors of the central banks of France, Holland, Switzerland, Italy, Belgium, Poland and Ozecho-Slovakia, also Mr Fraser, head of the Bank of International Settlements
M. Moret presided. He afterwards that the banks represented held over 40 per cent, of the world’s gold. The decisions were unanimous and cordial.
The gold bloc’s plan to defend its currencies operated from July 10. A common fund has been created which will be flung into the market when speculation attacks the gold currencies. Its operations will be secret.
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Bibliographic details
Pahiatua Herald, Volume XLI, Issue 12391, 10 July 1933, Page 5
Word Count
149GOLD STANDARD. Pahiatua Herald, Volume XLI, Issue 12391, 10 July 1933, Page 5
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