In an article in the vouring a return to the gold standard, Mr. Philip Snowden, ex-Chancellor of the Exchequer, says that it seems not improbable that the present margin of needed recovery to bring sterling to parity with the gold dollar will be covered without deliberate Government interference, but that there will be no stability. "In recovery without. the fulfilment of three condition namely:— removal of the embargo ing of at standard price, and (3) the of the paper All danger and uncertal unstable currency will remai sterling reaches re risks, but is of the ey-nion that they must be run for tke sake of the benefits which success will bring. The stabilization of the currencies need not. wai for the rectification of the trade balance, since a stable currency is one of the essentials of a healthy state of The ex-Chancellor emphasizes the importance of ce-operation with the United, States, and believes that Britain's example will result ina eneral return to the gold standard,
Text read from the printed page and cleaned; old type leaves the occasional error.