FACING DISASTER
TRADE IN SWITZERLAND SHOWING GRAVE DECLINE London, October 26. The Daily Telegraph' Geneva correspondent states that trade in Switzerland is in a disastrous condition, owing to a fall in demands from abroad, due to the high valua of the Swiss franc. The watch making industry is at a standstill. The Federal railways are showing a deficit of £15.9,000 between January and September, 1932. Farmers are clamouring for a Government subsidy, to avoid ruin. It is likely that Switzerland will go off the gold standard.
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Rotorua Morning Post, Volume 2, Issue 364, 27 October 1932, Page 5
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86FACING DISASTER Rotorua Morning Post, Volume 2, Issue 364, 27 October 1932, Page 5
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