Speech On Monetary Affairs Neville Chamberlain Speaking At A Monetary Conference Footage

SPEECH ON MONETARY AFFAIRS Neville Chamberlain speaking at a monetary conference.
This clip is not available for streaming at this time. Please contact WPA.	Tape Master:	7797
	Catalog #:	239373
	Clip Number:	239373-3
	Orginal Film:	UN 1274 C
	Timecode:	01:46:47 - 01:49:28
	Location:	England
	Year Shot:	1933 (Estimated Year)
	Audio:	Yes
	Color:	No
	Headings:	ECONOMICS: Conferences LOCATIONS/EUROPE: UK, England PERSONALITIES: Chamberlain, Neville
	Description:	MS Chancellor of the Exchequer Neville Chamberlain speaking at a monetary conference. Possibly World Economic Conference in London in 1933. “… in detail into the question of the requisite reforms in the working of the going standard, in regard to which I hope that a substantial measure of international agreement will found to exist, I’ll only mention three which to us seem essential. Namely the withdrawal a gold from internal circulation and its use only for settlement of international balances, the reduction in the legal minimum proportions of gold which central banks are required to hold in their reserves and a closer permanent cooperation between central banks. I have put foreword the proposition that it is essential to bring about a recovery in the level of wholesale prices sufficient to yield an economic return to the producers of primary commodities. And I have suggested the action which might be taken in the financial sphere to bring this about. But financial action cannot operate successfully without an economic foundation. Loans can not be justified if borrowers can not meet their service by exporting what they produce.” “…now at the tariffs there are still more drastic ways in which international trade can be restricted by prohibitions and quotas. I would refer particularly to the growth of quota restrictions in recent times. In our view, international agreement should be sought to abolish all import prohibitions adopted on grounds of commercial policy without prejudice to admitted exceptions on other special grounds what have been generally recognized internationally.” “… which has covered a wide field, but which will, I hope, help to clarify the issues before us. While I have necessarily emphasized the objectives by which the United Kingdom delegations attach importance, I do not wish to give the impression that I’m putting foreword, at this early stage, a cut and dried program. The views which I have expressed are laid before the conference as our suggestions. We are ready and anxious to discuss them fully and frankly with the other delegations." (Applause) Chancellor Chamberlain leaves the podium.