MOST STABLE IN WORLD
BRITAIN'S CURRENCY SYSTEM MR RUNCIMAN DEFENDS OTTAWA AGREEMENTS (British Official Wireless.) Press Association —By Telegraph—Copyright. RUGBY, June 13. (Received June 14, at noon.) Mr Walter Runciman (president of the Board of Trade), speaking at the annual luncheon of the Federation of Chambers of Commerce of the British Empire, whoso conference opened in London to-day, said that so far as the monetary policy was concerned in the United Kingdom, they enjoyed a sterling system that was the most stable m the world. The old gold standard to which they had been wedded was no longer part and parcel of_ Britain’s economy. The sterling basis had proved steadier than they had anticipated. Referring to the Ottawa agreements, Mr Runciman resisted the_ view that their results were disappointing. If the circumstances had been more favourable they might have done better, but he felt confident that as time went on and the relations with the dominions were drawn closer, the tendency of the Ottawa agreements would bo to add to the volume of Imperial trade.
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Evening Star, Issue 21746, 14 June 1934, Page 11
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175MOST STABLE IN WORLD Evening Star, Issue 21746, 14 June 1934, Page 11
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