Word: hollande
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Last week was no time for a statesman in his position to make a speech in which the biggest word was IF, a speech calmly toying with the question of what Holland ought to do IF the dollar, pound, yen and other flexible moneys should one fine day be stabilized...
...that event, observed Dr. Oud at Amsterdam, Her Majesty's Government would certainly have to consider at what value Holland's guilder should be dovetailed into the world monetary stabilization pact. He implied that once the Dutch are sure that other countries have really stabilized they should bring their guilder in at about the average level of devaluation...
...Conference rose, promising to reassemble within three months, Belgium's Henri Jaspar rubbed his hands in satisfaction. The Netherlands' delegates on their way home were pained to hear that a Netherlands Society for Managed Currency had just been formed to get Holland off the gold standard "by all the legitimate means at its disposal...
That meant that France, Holland, Belgium and Switzerland must rally to a last desperate defense of their gold standards. Their first stand came quickly?when Liege, fourth city of Belgium, suddenly defaulted on its debts. The Government promptly stepped to its aid but pressure on the Belga spread to other gold-bloc currencies, and for the first time in two months the dollar rose to parity with the franc...
...gold francs (Swiss) due from member nations in 1934, more than 14,000,000 francs remain unpaid. Even punctilious Britain still owes 1,000,597 francs for the year. The League secretariat could only list twelve nations (Canada, Denmark, Spain, India, Luxembourg, Mexico, Norway, Holland, Portugal, Sweden, Switzerland, Turkey) that are not in arrears...