When America left the gold standard she had a favourable balance of and huge gold reserves, and she was the world's creditor' nation. Apart from the fears created by the banking crisis, there was no reason why the U.S. dollar should depreciate, and it was Thovetore necessary for Mr. Rooination "would appear to support the idea that those who operate the British Equalisation Fund are at present prepared te allow the ster ling quotation to fall, and thi accordance with expectations. Every effort will no doubt "be made maintain a free gold market in Lon. don, and it would not be surprising to find large shipments of gold from London to New York. The totals of such shipments are announced in due course, but the public has no means of ascertaining the amount earmarked in London for foreign account, Gold Bloc Uncertainties ition of the continental which constitute the gold already critical, 1 ian tis always ite Revit at a later" date to" able opinion in support "of the Eowernment's eforis. to 2 Exchange parity. Hoarding of gold
tile ance holdings of liquid capa Into holdings of guid capi take Might to other countries at the
Text read from the printed page and cleaned; old type leaves the occasional error.