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Show GOLD STANDARD IS NEEDED IN BRITAIN LONDON, Feb. 26. Need of restoration restor-ation ol gold standard In tJr.at ltrltaln Was emphasised ut a meeting of tho Sound Currency association rocontly .held here. Sir George Paiahi financial expert who visited the I'nlted States about aj year ago. said the finanOlall) position ,',r this countrv would ."i o' sound until the gold standard wan restored. I "Wo could then be able to pay for things we require from other countries In goods or services without needing 'credit operation and without fearing .. i.i .i. Ihlu ml r-e " he i lie nuni "i.'i" t Aid. "Tho gold standard of Europe must also bo re-established W'e will not b" able to resume tb gold stand-j ard here until we are able to put out new capital abroad to tho extent of 100,000.000 pounds." D. M. .Mason, who presided, said the chancellor of the SXOheQUer had estimated that he would have at tho end of tho fiscal year a surplus of 231,000,yoo pounds w hi. h he propose. 1 to use for the reduction of the public debt. Mr. Mason suggested that il 50,000,-000 50,000,-000 pounds or 100.000.000 pounds wero set aside for tho purpose of gradually redeeming the redundant current , in a comparativolj short lime thele Would be p;uit ..1 eXCl i n I between Ortat Britain and the United States and other gold standard coun-Itriea. coun-Itriea. I t |