THE “GOLD” CLAUSE
AMERICAN COURT DECISION Onlted Press Association—By Electric Telegraph—Copyright WASHINGTON, March 2. The Supreme Court, by a five to four decision, ruled that the clauses in private contracts, calling for payment in gold bullion, are invalid, thus extending the Court’s decision of February 18, 1935. The majority decision was that contracts are actually for the payment of money, and not gold as a commodity.
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Bibliographic details
Timaru Herald, Volume CXLIII, Issue 20667, 4 March 1937, Page 11
Word Count
66THE “GOLD” CLAUSE Timaru Herald, Volume CXLIII, Issue 20667, 4 March 1937, Page 11
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