London, Apr. 24.
The "Times" city editor says the rise in sterling is attributed by the Foreign Exchange Market to, the expectation that Bir, Winston Churjehill will announce in his Budget. the Government's decision not to renew the embargo on gold exports, which expires at the end of the year, Some members on the market appear very confident that the announcement of such a decision will be followed by a rise in the rate above parity.
Sweden returned to the. gold standard over a year ago, and her experience therefore is unusually interesting.
Professor Gustav Cassel, the Jeminent Swedish economist," conjeluding a review of the situation, says many countries hesitated before restoring the gold standard, as they feared they would be exposed to enormous gold demands. Sweden's experience shows that certain extraordinary gold demands did occur during 1924, but there was no. reason why they should cent All demands were supplied liberally from the United Ste It is always possible to preserve gold reserve in a country which returned to the gold standard by the relatively simple device of keeping currency a trifle above the parity fof gold, Tt cannot in any way be. said that Sweden has been exposed {to such difficulties by the restoration Jof the gold standard in such a way to deter reasonably by her experience any other country from following suit—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.