Foreign News: King Sterling

Recovery began in Great Britain when she unhooked Sterling from gold, scrapped traditional free trade and set her industries humming behind new tariff walls. Today this hum has become a "boom" with riveters dinning all day in and out of London. Last week came another omen of British recovery as hawk-nosed, stoop-shouldered Chancellor of the Exchequer Neville Chamberlain loosened the Empire's money bags a trifle and dangled the prospect of loans before countries which have hooked their currencies to Sterling. When he took the pound off gold, Chancellor Chamberlain slapped a precautionary embargo...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!