UNITED STATES GOLD POLICY
TRIPARTITE AGREEMENT NOT AFFECTED
(British Official Wireless)
(Received Ferubary 17, 6.30 p.m.) RUGBY, February 16. Asked in the House of Commons by the Leader of the Labour Opposition (Major C. R. Attlee) about the announcement by the Secretary to the United States Treasury (Mr Henry Morgenthau) on inactive gold accounts, the Chancellor of the Exchequer (Sir John Simon) said: “The view which underlies the announcement, as I understand it, is that it is desirable in the present conditions to modify the arrangements which may have, or which might be feared to have, a deflationary tendency, and not act as a brake on business activity. With this view I cordially agree. “The measure announced is in line with the general policy of easy credit, which I have hitherto regarded, and which I continue to regard, as appropriate to this country.” Sir John Simon said he thought, that the existing arrangements in Britain, where deflationary measures had continuously been avoided, were adequate. Mr Morgenthau’s announcement did not affect the tripartite agreement in any way.
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Southland Times, Issue 23437, 18 February 1938, Page 5
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176UNITED STATES GOLD POLICY Southland Times, Issue 23437, 18 February 1938, Page 5
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