ON THE GOLD STANDARD
CANADA REMAINS
CONSERVING SUPPLY
OTTAWA, 3rd October. Following a five-hour session of Cabinet, Mr. K. B. Bennett, Prime Minister, announces that Canada will remain on the gold standard. Canada has not altered her position taken up when the announcement was made that England had departed from tlio gold standard. "Nor do wo contemplate so doing," says tbo' Premier. "Wo have applied, and not in vain, to Canadians to conserve our gold supply to meet whatever strain may; be
placed upon our resources by reason of our foreign commitments. These arc payable in gold, and will be honoured accordingly." . The drop in the Canadian dollar an the United States is injuring business so drastically in tho United States border cities that leading firms and hotels are advertising in Canadian papers that they will accept Canadian money at par.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19311005.2.45.7
Bibliographic details
Evening Post, Volume CXII, Issue 83, 5 October 1931, Page 7
Word Count
141ON THE GOLD STANDARD Evening Post, Volume CXII, Issue 83, 5 October 1931, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. 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 Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in