THE GOLD STANDARD

Hokitika Guardian, 2 May 1925, Page 1

THE GOLD STANDARD

VI KAYS OF SIR .JOS Hl’ll AY A HI)

JXYKKCARCII.L, April 30. At. the opening of tHo (Thai Railway Hoard’s new line al Ohai to-day. Sir ..Joseph AA’ard. who was one ol the speakers, made some interesting retorenees to the British (lovorniuent’s ilevision to revert to Urn gold standard. “I’ossibly you may not all realise,’’ 1m said “the effect of the cable message published in tin' papers litis morning, relating to the action of the (hatuelInr of the exchequer in Britain having brought into operation once more the gold .standard, which has been suspended since HM-!, when that abominable and uncalled for war went on tor sn long. The introduction of the g"!d standard not only in Hie Moiher ( ottntry hut- in all important parts ,:l the Km pi re will mean that, people in the j Dominion will get increased value tot their grain, wool and stock as a result of the reduction in the expensive rates of exchange- which have been in operation for some years. Me will not have sovereigns again in circulation in tiie ordinary wav. Inti it v can gel. their money hack without being murdered by liigb rates ol exchange. we will all get better returns. Not only is ibis an epoch-making day se I’ar'as ilm district is (•oueerned. in the opening of a railway, hot it is an epoch-making one all over the world, because we are to get a big reduction in onr rates ~t exchange.