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.
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Poverty Bay Herald, Volume LXIII, Issue 19134, 1 October 1936, Page 5
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144DEFLATION REACTION Poverty Bay Herald, Volume LXIII, Issue 19134, 1 October 1936, Page 5
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