CURRENCY PROBLEMS,
WORLD STABILISATION.
ON THE -GOLD BASIS.
FAVOURED BY BUSINESS MEN.
United Press Assn. —Elec. Tel. Copyright (Received June 11, 10.30 a.m.) WASHINGTON, June 10.
That the world stabilisation of currencies on the gold basis is favoured by the International Chamber of Commerce is revealed In a report released by the United States section. Even provisional stabilisation would restore confidence, lead to the gradual elimination of protectionist measures, improve prices, and produce activity through the freer circulation of goods. The report issued a warning that if a stabilisation agreement be made dependent on the prior adjustment of the balance between cost prices In various countries the idea of concerted international action in the interest of economic recovery might as well be rejected. The report will be circulated among the business men of the world, and will form the basis of the discussion of monetary problems at the forthcoming biennial congress of the International Chamber at Paris, opening 09 June 24.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WT19350611.2.62
Bibliographic details
Waikato Times, Volume 117, Issue 19599, 11 June 1935, Page 5
Word Count
161CURRENCY PROBLEMS, Waikato Times, Volume 117, Issue 19599, 11 June 1935, Page 5
Using This Item
Stuff Ltd is the copyright owner for the Waikato Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.