Great Britain

Stratford Evening Post, Volume XXXI, Issue 38, 12 September 1916, Page 5

Great Britain

A POOL OF GOLD. ALLIES’ COLLECTIVE FINANCIAL POSITION. INTERESTING STATEMENT BY I THE FRENCH PREMIER. Press Association —-Copyright, Austra lian and N.Z. Cable Associationj (Received 9-2.5 a.m.) Paris, September 11. The Premier (M. Ribot), in an interview, said; “We an* determined to introduce the income tax. 1 hanks to the elasticity of this form of taxation, we are able to meet a good part of our liabilities, but undue haste in taxation will only .scare the country. ] have arranged with Messrs Asquith and McKenna, that the Allies will pool their gold in order to render the collective financial position more solid, and to enable England to maintain the gold standard and enlarge the scope of her credit. Ihe United States Bank in France is placing a million sterling at the disposal of the British Treasury. The Treasury is opening a credit of (?) pounds sterling in favour i 0 f France in London, and the gold will be returned to the collars of the bank in Franco after the war. . MR ASQUITH'S TOUR OF THE SOMME. Press Association—Copyright, Austra lian and N.Z. Cable Association. (Received 9.25 a.m.) London, September 11. Mr Asquith, during his tour of inspection on the Somme, closely enquired into the matter of the'supplies and quality of ammunition. SCOTTISH MINERS’ WAGES. Press Association—Copyright, Austra lian and N.Z. Cable Association (Received 10.40 a.m.) London, September 11. Scottish miners claimed an increase of one shilling daily. Strathclyde awarded sixpence.