EXPERT VIEW
STABILISATION IN GOLD (Rec. June 19.) Rugby, June 18. The Times' City editor says an immediate legal stabilisation of currencies in terms of gold is out of the question, but it is understood that an agreement to keep the British, French and American exchanges within certain limits may be possible if, among other things, an American equalisation fund is established to assist the control of the dollar. A temporary experimental period of so called elastic stabilisation is possible, but its success must depend upon whe.ther stabilisation figures aceord with commercial economic facts. "A satisfactory agreement by these three countries would enable the monetary economic conference to tackle the question of exchange stabilisation and the removal of exchange restrictions on a broad front. Until this point is settled the restoration of international trade is out of the question.
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Rotorua Morning Post, Volume 2, Issue 562, 20 June 1933, Page 5
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139EXPERT VIEW Rotorua Morning Post, Volume 2, Issue 562, 20 June 1933, Page 5
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