81-METALLISM.
j SIB G. GBIFFITHS'S VIEWS. to Press Association.] ) BBISBANE, Mat 29. i Sir G. Griffiths, speaking at the Technical College said fixing by law tbe relative values of silver and gold would have, at the most, only a temporary effect, as values did not depend on the ; will of law-givera, but on production. ' Its effect on exchange, and the practical ; ; difficulties in the way of inducing the whole : world to fix relative values were enormous, if not insuperable obstaclea. The opening , out of Asia in competition witb tbe rest of I the world brought the rest of the world ! down to Asiatic values, and an attempt to '■ realise the proposed result would cause infinite confusion and disaster in the East. He admitted that the existing state of things was most alarming, owing to the depreciation of gold iv a stationary condition to the prices in silver countries. He strongly urged careful consideration of the I question by financiers. '
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Bibliographic details
Star (Christchurch), Issue 5270, 29 May 1895, Page 3
Word Count
159BI-METALLISM. Star (Christchurch), Issue 5270, 29 May 1895, Page 3
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