GOLD STANDARD
(Press. Assn.-
abandonment would mean benefit to whole empire SOUTH AFRICA'S MOVE
— By Telegraph — Corvrlght).
Rec. Dec. 28, 11 p.m. London, Dec. 28. South Africa's gold decision is the subjeet of much comment in financial and editorial columns. It means the first step toward the abandonment of the gold standard which most commentators agree would he advantageous to the whole Empire. The Daily Express says South Africa, by remaining on the gold standard, saves £6000 a year on interest on the £8,000,000 loan to London, but the wool and fruit producers suffered serious losses. If the South African pound comes to the level of stirling, land and gold mines revenue will probably be inereased by £20,000,000 half of which will be taken in taxation to meet the budget defieit of £7,000,000.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/RMPOST19321229.2.25
Bibliographic details
Ngā taipitopito pukapuka
Rotorua Morning Post, Volume 2, Issue 417, 29 December 1932, Page 5
Word count
Tapeke kupu
133GOLD STANDARD Rotorua Morning Post, Volume 2, Issue 417, 29 December 1932, Page 5
Using this item
Te whakamahi i tēnei tūemi
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