WORLD LOSING GRIP.
Has Sunk Deep into Trough of Depression. BRITISH BANK’S REVIEW. United Press Assn.—By Electric Tel egraph—Copyright. (Received May 19, 10.5 a.m.) LONDON, May 18. The Westminster Bank Review, discussing the world’s financial problems, says: “ Our return to the gold standard sooner or later is morally certain, but only on conditions which ensure that the standard should not again be called upon to function under impracticable conditions. The world as a whole has sunk deeper into the trough of depression, while Britain has been preoccupied in the task of saving her soul alive. “It would be dangerous to ignore the contingency that if the world outside these islands continues indefinitely to relax its grip on the standards of life, it may be impossible to maintain, the position we have gained with so much effort and self-sacrifice in the past few months.”
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Bibliographic details
Star (Christchurch), Volume XLIV, Issue 457, 19 May 1932, Page 1
Word Count
143WORLD LOSING GRIP. Star (Christchurch), Volume XLIV, Issue 457, 19 May 1932, Page 1
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