MONEY PROBLEM
CURRENCY STABILIZATION.
GOLD BASIS SUGGESTED.
(United Press Assn.—Telegraph Copyright.) Washington, June 10. That world stabilization of currencies on a gold basis is favoured by the International Chamber of Commerce is revealed in a report released by the United States section. It is stated that provisional stabilization would restore confidence, lead to a gradual elimination of protectionist measures, improve prices, and produce activity through the freer circulation of goods. The report issued a warning that if a stabilization agreement were to be made dependent on the prior adjustment of the balance between cost prices in various countries, the idea of concerted international action in the interest of economic recovery might as well be rejected. The report, which has been circulated among world business men, will form the basis of a discussion of monetai-y problems at the forthcoming biennial congress of the International Chamber at Paris, opening on June 24.
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Bibliographic details
Southland Times, Issue 25309, 12 June 1935, Page 7
Word Count
150MONEY PROBLEM Southland Times, Issue 25309, 12 June 1935, Page 7
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