THE STERLING EXCHANGE.

Press, Volume LVI, Issue 16723, 5 January 1920, Page 6

THE STERLING EXCHANGE.

VIEWS OF BRITISH AUTHORITIES. (Australian rod N.Z. Cable A*soci».tiorL t (Received January 4th, 5.5 p.m.) NEW YORK, January 2. Interviewed in lxmdon, fcfir Auckland Geddcs, President of tho Board of Trade, said that English manufacturers wero not disturbed bv tho position of the United States and English exchange. Ho said it devolved upon the United States to bolster up tho exchange. Sir Auckland Geddes intimated that Britain's future policy would bo to purchase raw materials for manufacture from tho United States, while she would secure foodstuffs from tho British Dominions. Sir George Paish, intorvitnred in NewYork, said that the United States most extend England a largo long-timo loan, because England was buying in the United States extensively, and reselling practically all to Europo. Bankruptcy threatened Europo if such a loan was not furnished. Sir Georgo Paish stated that he hoped to be ablo to improve tho exchange rata between the United States and England. THE REVENUE RETURNS. LONDON, January 2. The British revenue for tho past nine months was £006,251,000, to which tho Customs contributeid £111,477,000, excise £94,65(5,000, incomo tax £137,144,000, and excess profits tax £202, 826.000.