CURRENCY PROBLEM
GOLD STANDARD ADVOCATED
(United Preßs Association. —By Electric) Telegraph.—Copyright. 1 >' - \ LONDON, July 15. In the comments on the reports ol the MacMillan Committee on Finance and Industry, there has been a .measure 'of support for the views of ! Lord Bradbury, a member of tiu? committee, who did not sign the report, but presented a reasoned memorandum of dissent. . (Lord Bradbury’s memorandum regrets that he finds himself in disagreement with most of the report’s conclusions. He expresses the opinion that the causes which have impelled the development of trade and industry 'arc mainly outside the domain of hanking, finance and credit, and any report within the. scope of reference of the MaeAl.nian Committee, call, at best only touch the fringe of the real problems.''' He considers that it is ill the best interests of the country to adhere to the international gold standard, as the existing parity hanking system, discharges adequately and efficiently, its proper function of providing short date'credit, and it is inadvisable to extend its functions, hut closer 'touch"“With' industry'would lie advantageous.
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Hokitika Guardian, 17 July 1931, Page 3
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175CURRENCY PROBLEM Hokitika Guardian, 17 July 1931, Page 3
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