The Archive · 1925

BRITAIN'S RETURN TO GOLD STANDARD

Result of London Bankers' Visit to Washington: The Solidity of British Finance London, Jan. 13.

Unheralded and unnoticed, Sir Alan Anderyon, a director of the Bank of England, who went over to the United States last month with Mr. Montagu Norman, the Governor of the Bank, left New York and reached Plymouth to-day. He declined to make statement regarding hiv and Mr. Norman's mission in New York.

Jan. M4, The outline of the arrangement between Mr, Montagu Norman, the: Governor of the Bank of England, who departed for England, and Mr, Benjamin Strong, the Governor of the Federal Reserve Bank of New York, for a British return to. the Si standard is given by the "Morning Post's" Washington correspondent.

The American authorities, he are impressed by the British finan-and think that when the there, and that it would then be safe for London again to be a free gold market.

In order to guard against the resuspension of the gold standard, the #bout parity. Reserve Bunk, according to the eorunlikely occasion arises, to place American gold up an agreed amount, at the disposal of the Bank of Eng.

Text read from the printed page and cleaned; old type leaves the occasional error.

Your account