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31 -5-
have seen France, a few years ago, go off the gold
standard and stay off the gold standard for nearly
four years. We have only been off for three months.
We haven't had time to turn around. We don't know,
exactly like England, what to do next. There is one
little item I think that is worth calling attention
to. It is in one of the papers this morning. It is
an A.P. story.
Q It is all right then.
THE PRESIDENT: (Reading) "A Government spokesman" --
this is from London --- "would not give a direct answer
when asked in the House of Commons today" -- and the
House of Commons is a little like a Press Conference --
"that sterling would not be advanced with gold.
Mr. Hore-Belisha, Financial Secretary-Treasurer,
speaking for Neville Chamberlain, Financier of the
Exchequer, said that, 'although a return to the gold
standard might be our ultimate objective' -- mind you,
this was said yesterday in England, this is the British
Government point of view -- 'although a return to the
gold standard might be our ultimate objective, when
proper conditions were assured, we must reserve complete
liberty to choose both our own time and parity. He
does not think he can usefully add anything to that
statement now.'"
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"ocrText": "005\n31 -5-\nhave seen France, a few years ago, go off the gold\nstandard and stay off the gold standard for nearly\nfour years. We have only been off for three months.\nWe haven't had time to turn around. We don't know,\nexactly like England, what to do next. There is one\nlittle item I think that is worth calling attention\nto. It is in one of the papers this morning. It is\nan A.P. story.\nQ It is all right then.\nTHE PRESIDENT: (Reading) \"A Government spokesman\" --\nthis is from London --- \"would not give a direct answer\nwhen asked in the House of Commons today\" -- and the\nHouse of Commons is a little like a Press Conference --\n\"that sterling would not be advanced with gold.\nMr. Hore-Belisha, Financial Secretary-Treasurer,\nspeaking for Neville Chamberlain, Financier of the\nExchequer, said that, 'although a return to the gold\nstandard might be our ultimate objective' -- mind you,\nthis was said yesterday in England, this is the British\nGovernment point of view -- 'although a return to the\ngold standard might be our ultimate objective, when\nproper conditions were assured, we must reserve complete\nliberty to choose both our own time and parity. He\ndoes not think he can usefully add anything to that\nstatement now.'\""
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