BACK TO GOLD
STRONG SUPPORT IN U.S.A. United Press Association —By Electric Telegraph —Copyright WASHINGTON, June 10. That world stabilisation 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 of the Chamber. The report says that even provisional stabilisation would restore confidence, lead to the gradual elimination of protectionist measures, improve prices and produce activity through freer circulation. The Government's report has issued a warning that if a stabilisation agreement is made, which is dependent on the prior adjustment of the balance between cost and 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 business men throughout the world, will form the basis of a discussion on monetary problems at the forthcoming biennial Congress of the International Chamber of Commerce at Paris, opening on June 24.
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Bibliographic details
Timaru Herald, Volume CXXXIX, Issue 20132, 12 June 1935, Page 7
Word Count
161BACK TO GOLD Timaru Herald, Volume CXXXIX, Issue 20132, 12 June 1935, Page 7
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