SAVE CIVILISATION
(Press Assn —
need for co-operation between america and britain THEIR MUTUAL ROLES
-By Telegraph — Copyright).
RUGBY, Saturday. At the American Chamber of ComI merce luncheon in London Lord ! D'Abernon said there never was a time when the vigorous exercise of co-operation between the United States and Great Britain was more important than at present. Their civilisation was menaced by a very grave danger. Stability had been lost, and they suffered to-day from a violent world deflation which it was indispensabale to correct, not by local currency measures, but by a widespread agreement to re-establish price levels. It was far more by the restoration of trade activity that the commercial world could be saved, he continued, than by any new restrictions. He maintained that the clear objective for New York and London must be the restoration of world prices to the level of 1929. This was the level to which wages, debts, and other contracts were adjusted, and any violent | departure from it, either upward or ) downward, involved grave danger, serious social disturbance, and conflict.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/RMPOST19310928.2.22
Bibliographic details
Rotorua Morning Post, Volume 1, Issue 30, 28 September 1931, Page 3
Word Count
176SAVE CIVILISATION Rotorua Morning Post, Volume 1, Issue 30, 28 September 1931, Page 3
Using This Item
NZME is the copyright owner for the Rotorua Morning Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in