'A Reversion as Early as Possible: Best Aid to World's Economic Recovery Geneva, Feb. 12.
The Financial Committee of the League of Nation has expressed the opinion that nothing is more likely to help the economic recovery of the world than a return to. an effective gold standard by those countries " atleest which have succeeded in stabilizing their currency.—Reuter.
London, Feb. 12.
Replying to a number of questions in the House of Commons to-day, Mr. Winston Churchill, the Chancellor of the Exchequer, said that the' Government were in full agreement with the declared intention of previous Administrations to revert to the gold standard as early as possible, Asked whether the Government would consider the question of discussion with the Dominions on the matter, Mr, Churchill said that the he was not able to make a more definite statement at the present. moment.—Reuter.
London, Feb. 13.
Though some newspapers regret that Mr, Winston Churchill, the Chancellor of the Exchequer, was unable to make a more precise statement with regard to the resumption of the gold standard, the principle of the Government's policy is almost unanimously endorsed, The "Daily News" expresses the opinion that the matter should not. rest entirely in the hands of, the authorities, and points out that when Parliament passed the embargo on gold. exports, it retained the right to say when' with due regard to bert safety, the Sir Josiah Stamp's reservation that an agreement be reached in. advance with America, in order to keep the uniform world value of gold from falling or rising unduly, finds general acceptance Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.