FALLING PRICES
COMMNET BY MR CHURCHILL CURRENCY CONFERENCE WE LOME. (British Official Wireless.) " : RUGBY. June 15: vIn" a tipeech' at-a city luncheon, today Mr Winston Churchill welcomed tlib G<W’6rnmAnt support for a- -pro-. posal to. summon a world .conference on the money probflW.!.' 1 -in order .to arrest, what he described ag the “remorseless deflation.”
The' tasks before the World Conference, he 6 a id, were to discover the best practical method by winch devaluation of commodities could be substantially arrested and invest the process with that authority which would command and hold the coniidence of the most powerful States, and also the investing classes in every land. Referring to the enhancement of the price of gold he said that everything else had also fallen in like degree. A remarkable feature had..been tl].c waj ; ih/,,which the prices of all these thousands of commodities kept steady rehri tion with one another. -They marched forward " together in orderly array. One commodity -alone, gold, had broken from the ranks, and since it was at present our supreme measure, all the - rest had been cast down.
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Hokitika Guardian, 17 June 1932, Page 6
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182FALLING PRICES Hokitika Guardian, 17 June 1932, Page 6
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