FINANCIAL CRISIS
THE POSITION IN HOLLAND NETHERLANDS BANK LOSES HEAVILY, GOLD STANDARD AIAA GO. [By Telegraph—Press Association—Copyright] Received Julv 25, 7.30 p.m. AMSTERDAM, July 25. In consequence of the Catholic Party’s refusal to support Government economy measures guiid’er is facing a crisis. Tite Netherlands Bank just £7,900,000 in gold in a day by raising the rate to j per cent. Cabinet is postponing for 24 hours a decision whether it will resign or dissolve Parliament. A message from London says that the Times’ City editor says that the weakness in the guilder has spread Io other gold currencies, necessitating intervention cf the equalisation lund. Tiie belief that Holland will abandon tho gold standard has resulted in rises in Unilevers, Royal Dutch and similar international shares.
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Bibliographic details
Wanganui Chronicle, Volume 79, Issue 173, 26 July 1935, Page 7
Word Count
125FINANCIAL CRISIS Wanganui Chronicle, Volume 79, Issue 173, 26 July 1935, Page 7
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