UNION GOLF STANDARD

Rotorua Morning Post, Volume 1, Issue 21, 17 September 1931, Page 3

UNION GOLF STANDARD

(jBjMILL'S VIEW Ljf ABSTRAC.TION JRls A MEW ISsiTION IIterence urged Jsept. 16, 7 p.m. ■ BssofiatiOTi — Copyright.. K— "I'ust" Special St-rviee. I LODDON, Wednesday. ■on Churchill, speaking in lcommons on the Budget liescribed the essence of_ landard as securing a |n for wages of .labour, lificial and abnormal abIgold in the last few years [a new position. Ke asked I happen in the event of fefall of prices during the fcears continuing for the jnd added: [all the countries in the fcither utilise the gold for I it has hitherto discharg[e some new index of ex- [ continued fell in prices [tion of credit will reduce [in a short time to bleak Ls barbarism. [the Government, without L delav, wiil convene the [ful conference possible to [ grand inquest into the [traction of gold and consejn prices." vchill, however, appealed -nation by a majority of of Commons upon the prinnmediate protection of in- [ agriculture. \l Angell (Labour, BradUSed Mr Churchill of inj in sceking the perpetuainomic nationalism by tartlie fanis timi" advocating mternatlonal fiction to setabilisation o| gold. Threat to Stffi-ling i Sknon sai j the position currency in relation to exle fcad to bc/faced because sing ndvers/ trade balanec less checkei, const.tute r sterlhig i v.jce serious than iry Bia Ige/ deficit. It wa? if the co/ntry, by adding ts visihleflnd invisible' exi unahle /o balance trade, ild be 1 offer a larger ' stcrnnu representing Briihases. "Jnn there would be n curr/icies Jrepresenting ings vrh Britain, with the conse/ience that sterling expoFjfi to the snme kmd from /nich the vigour and the Cfvernment just saved as fqc d to conclude that ' ava ple reinedy wa? an • tap • I- might be only a tnd/i'.vf:al nieasure, but it ti?/ irrfll «nid there was nonjAvItb the gold standard Wrc'o-tkirds of the world'? jfi'isoned in Paris and New pity of gold brought [ear?!e.s, which in tuni ? in the prlce levels of ;. Eritain's position wa? k a-' v.irht be supposed. I Siates nrght reach a I'lO :: t];i helding, but at lesh.a ii ight have 12,000,00,00!) of hor people unHe hepeil tha conference would adniin'ster lietu? to the payment oi unl reparations. icei'o" of the Exehequer. Sn"wd«-u, i eplylng redesire that he .'•houhi ha 5 a ' lic-f in the value of he ha ? not departed from m? an! principles, though imon I'.: d f.-llen baek on icy u.r'ff. Mr Churchill, il-hnewn ahility a? a quich ist, ha I beeomq a full itocti aii.'t. iva? ,'tay prospect of an il confcrcnce on the gola tr Snowden continued, an 1 ha willing to Grv.d Britam's Budgeties wer;.- not due eithcn to payr,: nts oi* to. the GerThi crds's began in Feba? he ha. I warned the e ir.air. •; use wa? unemv'hieh "u r.-venue and bor- ' £100,000,000 Biuk-et in the world conhi a sintden and extensive ' Opj s. ircnhad not wanttion ?i: • ;• fa1 nestly than of hi forner associate-* ing t-> ] . •.w1up cheir eour;i"ing '.ha.t within a few loast v.'oi:' i not seo thein-gc-t }*;■• •'>]'.!: ons were car:t a d . -