The Archive · 1938

Belgian Cabinet Prepared

Brussels, Te Cabinet sat for se night, and listened in by radio to Herr Hitler's speech. The Cabinet approved the statement made by the hostilities breaking out, private gold hoards might be liable to confiscation, or, even if not confiscated, that ich hoards might become nonnegotiable assets.

At the same time, many quarters pointed out the fact that measures of confiscation by Britain were very unlikely, and would only be resorted to in dire emergency.

Calm conditions prevailed in the foreign exchange section, with business mainly confined to small, but persistent, genera! demand for dollars.

—Reuter

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

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