London, Nov. 29.
Sterling to-day drop) d to the lowest level on recor Continental selling bringing the rate to 3142. The previous lowest record was. set in Feb senary, 1920, when busines done at 2.17. - Market are inclined to view the calmly, it is believed that the largely professional, y the coming drain Sterling on December 1 to meet obligations and also to uncertainty on the Continent realg the war debt payer ug representations from the United states in favour of dealing the silver question, sul contended that, the the facts regarding silver bad now come.
"AIL that is necessary to restore the value of silver is for the nations of the world to retrace their post-war steps and halt, fur. ther, demonetisation of silver," he said," and announce that they' ha silver a part of the metal reserve against note issues.
if the British Empire and the United States acted in, this ner the other mations of the world] would rapidly respond!
referring to the United States representations at the economic conference, Sir. Robert apparently, had in mind the demand of the silver producing states that the question be considered in full, and United States. pa conference will hinge auextion, according to the pledges President Hoover. ith a statement issued a fortnight ago by Ex-Senator Char-Thomas of Colorado who said that monetary conditions would remain disturbed until 3
Robert Home ction to. the: point of initshing mins. South Afvican experts ted that the production will de-line to £36,000,000 by 1010 ana to 10,000,000 by 1060.
Monetary experts here said at the ime" that. a gold. economy pro: tammie would have to be adopted the gold standard ie to be asst jet by" the Teading nations of the world, "fe was pointed out. that there isa three-fold demand for gold the industrial demand, the monet itary demand and the demand of the Orient for hoarding. after the war, as Sir Robert Home Retracing the monetary ste
Suggests, would begin with the. re-establishment of the old standard bya number of the sivaller nations end would include the recommenda ion of the Indian Cursency Commission in 1926, of a gold standard {for Tndias—United. Pres
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