CHASE OF IMPOSSIBLE.
Britain Urged to Show Courage. LONDON, April 26. Lord Leverhulme, in a presidential address to the London Chamber of Commerce, declared that with 40 countries following sterling, Britain, by the use of imagination and courage, could give the world the lead which it had been wanting for years. He urged that the Empire should decide on a monetary system according to the economic and social structure of the twentieth century. Lord Leverhulme added that although protection had helped Britain to adjust her balance of trade, it had closed the main safety valve of the other nations, which had thus been brought nearer disaster. Ultimately the world would be forced to find a monetary system that would render unnecessary the present search for the impossible, in which each country was trying to have a surplus of exports over imports, simultaneously refusing to take its credits out of other countries in goods or services.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TS19330503.2.8
Bibliographic details
Star (Christchurch), Volume XLIV, Issue 751, 3 May 1933, Page 1
Word Count
155CHASE OF IMPOSSIBLE. Star (Christchurch), Volume XLIV, Issue 751, 3 May 1933, Page 1
Using This Item
Star Media Company Ltd is the copyright owner for the Star (Christchurch). You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Star Media. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in