Chancellor Churchill's move for immediate gold resumption (TIME, May 11, BUSINESS, COMMONWEALTH) was criticized last week by enemies in Parliament on the grounds that it would flood Britain with gold, and that it would shackle Britain to the U. S. in the event of heavy gold exports. After pointing out the contradictory nature of these criticisms, Mr. Churchill has declared that gold resumption shackled England only to present realitiesa pointed and adequate retort. Already over £1,000,000 in gold has been exported from England since assumption of the gold standard, with more to...
To continue reading:
or
Log-In
