DEFLATION REACTION
EMBARGO ON GOLD SWITZERLAND ACTING LONDON, Sept, 30. A message’ from Berne states that the Lower Chamber of the Switzerland Parliament, by 99 votes to' 60, approved (lie Government’s action in devaluing (ho Swiss franc and imposing a temporary gold embargo. A Simla message says that Sir James Grigg, the finance member of the Government of India-, says the Government has decide,! not to lend itself to competitive depreciation of currency and intends to maintain the present sterling parity. A Tokio message says that the Japanese Government has decided not to alter Japan's currency policy and the purchase price of gold. Regarding negotiations with China, the Foreign Office spokesman says Japan is demanding the eradication of all anti-Japanese agitation and a readjustment of Sino-.lap relations. PASSED BY SENATE (Reed. Get. 1, noon.) PARIS, Sept. 30. The Senate has passed the devaluation clauses.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/PBH19361001.2.60
Bibliographic details
Poverty Bay Herald, Volume LXIII, Issue 19134, 1 October 1936, Page 5
Word Count
144DEFLATION REACTION Poverty Bay Herald, Volume LXIII, Issue 19134, 1 October 1936, Page 5
Using This Item
The Gisborne Herald Company is the copyright owner for the Poverty Bay Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in