Why Paper Pounds Must Still Suffice: 1929 at the Earliest There is no chance of adopting the suggestion of Professor Gusti Cassel that the British Governm and the banks should begin to sovereigns and half-sovereigns again, and withdraw paper money.
Professor Cassel's reasons are not hygienic, although over, 140,000 bacteria' may have been discovered fon a single Treasury Note, as nounced recently by the "Lancet, Professor Cassel's appeal to Eng-[land to do the bold thing, and to do it now, by reintroducing—gold that wants England to set an coinage, is based on nothing like
to other nations, and emphasis the value of the golf standard. So great an authority: Sir Felix Schuster, and other bankers, are inclined that way But from a Treasury authority I learn (writes an "Evening Standard" representative) that there is not the slightest prospect of any immediate return to gold currency, however desirable economically or hygienieally that may be.
"There is a new price level since the war. Far more pioney isin circulation," I was.-told. "The sovereigns, half-sovereigns and the bullion of the Bank antt the Banks feould not meet the requirements in are-introduced gold currency, taking into account. the reserves." which must be held at the Bark of England, "One cannot expect'"a"'return to gold currency at the earliest, I should' say, before 1920; and doubtful even at that remote period on the present outlook:
Text read from the printed page and cleaned; old type leaves the occasional error.