[?]VER CURRENCY

Rotorua Morning Post, Volume 2, Issue 237, 27 May 1932, Page 5

[?]VER CURRENCY

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ijpns reject amendment ■ to finance efl bill IMbject for ottawa

— By Telegraph — Copyrlght).

Rec. May 26, 7.0 p.m. ;■ LONDON, Thursday. nSfc House of Commons, Mr. L. L'oS Amery moved an amendment frfyinance Bill to permit silver ;i»as g 0.1,(1 to be bought by the 4-Kre Equalisation Fund. This t«ot permit the Government to , ®on any far-reaching scheme ;r*aliSm. kBvalue of silver has been haldisastrous effects in the j^nid Mr. Amery, "and the corKf violent fluctuations would Bjy improve trade with China Ba. Rten per cent. of the fund needed to buy the world's REMpductjon for the present year Hfestore the price to the level «kf' Mfnery added that it was calHhat by 1941 there would be Ke in the annual gold supgne extent of £45,000,000. jntMpbert Samuel (ILome SecretiesjB°sing the amendment, said st»nited States wanted silver ► BlMtycause she produced threeterHf the world's supply. Mr. n.t;9^cheme would not work. oi*ton Young (Minister of sn^B-'eplying, said the subject to he discussed at the roi^R'conomie Conference at Otfe»e attempting the stabilisaI nBch currency. [n^^Rery decided not to withL. flfcmendment. tneBPo^ition challenged a diviI later the House negaI H^Huncndment without a divi-