THE EXCHANGE CRISIS
FRANCE REALISING NEED FOR PRODUCTION. hLondon, October 16. Tlio "Daily Telegraph's" Paris correspondent reports that all classes are slr.wf.j- realising tho seriousness' of the exchange crisis. Tho eight-hours' day hampers tho efforts to increase production, which alone can re-establish the commercial balance and restore the national currency. The amount of bank notes in circulation was increased from 1440 to 1480 millions sterling last week, further diminishing credit. Meanwhile importations continue vastly to exceed exports.—Aus.-N.Z. Cable) Assn. LATEST QUOTATIONS. (Rec. October 19, 11.5 p.m.) London, October 17. The foreign rates' of exchange at date are On Paris, francs to ,£ sterling, 36.02. On Stockholm, kroner to .6 sterling, 17.15. Christiania, kroner to £ sterling, 18.24. Montreal, dollars to £ sterling, i dollar'; 31 cents. • New York, dollars to £ sterling, i dollar? 15 cents. Calcutta, £ sterling to rupees, Aus.-N.Z, Cable Assn.
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Dominion, Volume 13, Issue 21, 20 October 1919, Page 5
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139THE EXCHANGE CRISIS Dominion, Volume 13, Issue 21, 20 October 1919, Page 5
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