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j, BALANCE TRADE BEFORE » STABILISING CURRENCY $ l SIR R. HORNE'S WARNING
— By Telegraph — Copyright).
, LONDON, Friday. ii; Sir Robert Horne, speaking at a ^ London gathering, warned the counf{! try that it must not succumb to great ir pressure from France and America }i for the rapid stabilisation of the • Pound. Britain's first object should be the balancing of her trade, be-can.-o that alone could stabilise the cuvr>>ncy. Any reversion to an internati nal medium of exchange must ntv ->arily affect the negotiations with great nations. Sir Robert added: "We shall go to the,---' negotiations with immensely mor" power if we maintain a position of 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 suffered since 1925 because We were maintaining an impossible standard for the pound. We must not allow ourselves to get into that position again."
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Bibliographic details
Rotorua Morning Post, Volume 1, Issue 59, 31 October 1931, Page 3
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163FIRST TASK Rotorua Morning Post, Volume 1, Issue 59, 31 October 1931, Page 3
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