World’s Economic Restoration

Stratford Evening Post, Volume I, Issue 258, 9 October 1931, Page 5

World’s Economic Restoration

DECISION OF MINISTERS CLOSEST CO-OPERATION Press Association. —Copyright. (Reed. ,9.30 a.m.) PARIS, Thursday. A communique has been Issued reading The conversations ol! Ministers have resulted in an agreement that their Governments must remain in closest contact and continue friendly collaboration in the interests of world economy restoration. . M. Laval promised that the French Government would give Britain all (he financial assistance possible. German Fears BRITAIN’S STRONGER EXPORT COMPETITION ABANDONMENT OF GOLD STANDARD (Reed. Noon.) BERLIN, Thursday. Losses of six millions sterling on the year’s exports are expected as a resuit of Britain’s, India’s, Egypt’s and Scandinavia’s abandonment of the gold standard, according to the Economic Research Board’s survey, which is acutely apprehensive of the further effects of Britain’s stronger export competition as well as her reduced importing capacity.

A CRUMB OF COMFORT DAWES PLAN INTEREST (Reed. 11.10 a.m.) LONDON, Thursday. There was a* crumb of comfort amid the fluctuations of sterling in the Bank of International Settlement’s decision to as nearly as possible pay the Dawes Plan interest on the basis of the gold value of sterling when the bonds were issued.