TRADE CRISIS
hoarding of gold
(British Official Wireless.)
RUGBY, November 167
Lord' d’Abernon, addressing the Liverpool Incorporated Chamber of Commerce last evening, suggested that gold hoarding by the United States and France and gold sterilisation might be among the main causes of the present world crisis in trade.
A fearless scientific diagnosis was the first step required, but he expressed the view that, if the world'desired a return to good market condition's in cotton or wheat, or any other commodity, and if it wished for higher freights and more trade activity, these could be achieved with greater certainty and speed by dealing' 'with the gold and currency problem than by any other means.
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Hokitika Guardian, 19 November 1930, Page 3
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113TRADE CRISIS Hokitika Guardian, 19 November 1930, Page 3
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