37
has lem
year now,
in operation for a whole
introduced
since it was in
as from 1st Jan 7, 1930.
•
A fall in exchange from 1/6
in a few months
is al
to under 1/-5
catastrophic.
is now
basis
and over
be
The exchange rate
50% less than the
the Commission's recommendations
33% 9% less than the basis
on which the Goot bridgetted in
introducing the new scheme. This
represents
an
entirely
new situation,
When we have the additional
facts (1) that world frices have
fallen with a run
in the bast
year
so that "gold" cost of living
in I.K. has been considerably reduced and (2) that internal forces have not risen to correspond with the fall in the silver exchange, the it seems