STABILIZATION FUND FAVOURED
RETURN TO GOLD STANDARD OPPOSED IN U.S.A. NEW YORK, December 28. The Washington correspondent of The New York Times says that it is increasingly evident that the monetary authorities are most pleased with the stabilization fund, despite criticism, by Wall Street of its secret working, and are likely to defend it to the last ditch. There is no disposition to favour an international conference to discuss, a return of the gold standard. The Secretary of the Treasury (Mr Henry Morgenthau) states that the Treasury is definitely opposed to the reported control plan proposed by Dr Paul van Zeeland, the Belgian economist.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ST19371230.2.56
Bibliographic details
Southland Times, Issue 23395, 30 December 1937, Page 5
Word Count
104STABILIZATION FUND FAVOURED Southland Times, Issue 23395, 30 December 1937, Page 5
Using This Item
Stuff Ltd is the copyright owner for the Southland Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in