PRICE LEVELS
RESTORATION URGED
APPEAL TO GOLD-HOLDING COUNTRIES BRITISH STATEMENT ’ (United Press Assn.—By Telegraph—Copyright.) Geneva, January 15. The British Government, through the s League, after communicating with tho ’ members of the European Union Cominis- ’ sion, has issued an appeal to the great “ gold-holding countries to take appropriate action to restore price levels throughout the world. The Government considers that water-tight Customs unions must always infringe the most favoured nation formula, and foresees such an infringement in the j numbers of commercial treaties to which r Britain is a signatory. The guarantees mentioned in the experts’ report do not , eliminate the objections inherent therein. , The only remedy for contracting foreign j credits is action by the countries with [ abnormal stocks of gold. The statement emphasizes that it is the - Government’s conviction that the war debts , problem must be solved before the normal 1 movement of capital can be restored and [ world prosperity ensured.
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Bibliographic details
Southland Times, Issue 21605, 18 January 1932, Page 5
Word Count
152PRICE LEVELS Southland Times, Issue 21605, 18 January 1932, Page 5
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