BRITISH NECESSITY
SIR R. HORNE’S ADVICE
United Press Association- By Electric
Telegraph.—Copyright.)
(Received this day at 11.15 a.m.) LONDON, October 29
Sir Robert Horne speaking at a London gathering, warned the country it must not succumb to the great pressure from France and America for the rapid stabilisation of the pound. Their first object should be the balancing of trade because that alone can stabilise the currency. Any reversion to an international medium of exchange must necessarily be a matter for negotiation with the great nations. We shall go to these negotiations with immensely more power if we maintain a position oi freedom at the time of the negotiations. It is in the interests of France and America to stabilise the pound at a high figure, but our export trade has .mitered since 1925 because we were maintaining an impossible standard oi the pound. We must not allow ourselves to je in that position again.
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Hokitika Guardian, 30 October 1931, Page 6
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155BRITISH NECESSITY Hokitika Guardian, 30 October 1931, Page 6
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