THE FINANCIAL POSITION.
QUASI-MORATORIUM ESTABLISHED. LONDON, August 2. A conference took place on Saturday evening between Mr Lloyd George, as Chancellor of the Exchequer, and leading, bankers. It is anticipated that the.Bank Act .rill be suspended on Tuesday, and suinotos issued for a few days. .-■'-.. Later. A Royal, Proclamation issued this afternoon has established a quasi-mora-terium. TA, moratorium is an emergency Act of, legislation *or administration authorising a Government bank to suspend specie payments for a ; given period. | ' THE HAGUE, August 2. - The banks -will suspend gold payments; in .the -'eventvof war.
■•-V". <.-' •?; 1 August 2v -■.'- Tho. bank rates in Paris and Berlin are 7 per cent. •.'''
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Press, Volume L, Issue 15037, 4 August 1914, Page 10
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107THE FINANCIAL POSITION. Press, Volume L, Issue 15037, 4 August 1914, Page 10
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