CURENCY STABILITY

Wanganui Chronicle, Volume 79, Issue 30, 5 February 1935, Page 10

CURENCY STABILITY

EFFECT ON TRADE. Th impontance of currency stability in trade revival and the. necessity toi stability over a wider area that; at present were emphasised by Mr. A. ' • Gairdner, chairman ol the British Overseas Bank, Limited, in a recent uddtess. There were greail ditliculties, he saul. • for the interests of the sterling and gold groups were in many respects contiictiiig, and, moreover, the United Sltites formed a third important ele nient hovering outside the confines ol both groups. Howexer, unless some permanent basis could be found foi stability it was difficubt, if not impossible, Io see how confidence could be fully restored and international trade again function with adequate freedom. It was also becoming increasingly clear that the other great hindrance to ie.ro\er\ wa> the growing interference by goevrnmenls in the normal flow of economic life. *u<’b interference was, perhaps, inevitable in the att,empl to pul straik’hl th" mal-adjuslmenls follow irn> on the war. but i'l won Id ha \ e been bet ter Io t rust to Ihe healing effect, ot time and natural developments, toi in the. appli' aI ion of economics, science, and finance oor presen't level ol know ledge had shown itself ineupablu of an licipaling the human reacl'.'ms to the manures lli.it had been adopted. As a consequence not only had the hoped for results if'd been obtained, but in general it. was in those countries where Government interference had been working at highest pressure that the least progress had been made. To make really piquant and flavourful pickles ami sauces use a strong, piquant vinegar—SH A ULAN H’S VIN LGAR. Sold in bottle or bulk by all stores. Remember! This year use ‘SHARLANH’S'' Adv t.