CURRENCY STABILISATION

Evening Star, Issue 22460, 3 October 1936, Page 17

CURRENCY STABILISATION

HUNGARY'S DECISION NOT TO DEVALUATE Press Association —By Telegraph--Copyright BE DA PEST. October 2. (Received October 3, at 11 a.in.) 'Cabinet decided not lo devaluate. SIR ROBERT HORNE'S APPROVAL (British Official Wireless.) RUGBY, October 2. (Received October 3, at 11 a.in.) At a meeting of the Association of British Chambers of Commerce at Cardiff Sir Robert Dome referred to the currency agreement between Britain, France, ami America, tie said: “This arrangemont is going to have an effect on the whole of the currency systems of the world. It will make it far easier to conduct business on the foundation on which this new system is erected. It is a fact that these countries have at hand for this operation an immense sum of money by which these exchanges can bo regulated. I. look forward in a future not too remote to seeing tho whole international trade of the world completely revolutionised. I believe that instead of the indexible regulation of money transactions wo shall have a much more elastic method by which the currencies of the world will be stabilised through I lie operation ol these exchange funds.”