Business: Gold Report

Last week the gold delegation of the financial committee of the League of Nations made an interim report. From leading gold-mining experts the committee obtained the general opinion that gold production will rise during the next few years, slump gradually until 1940, then drop sharply. On this hypothesis, the committee foresaw a possible gold shortage, a great depression in prices. Remedies were suggested against this theoretical danger.

The general nature of the committee's suggestions was that use of gold as a currency should be further contracted, various credit means expanded. It suggested that...

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