THE EXCHANGE CRISIS

Dominion, Volume 13, Issue 72, 18 December 1919, Page 8

THE EXCHANGE CRISIS

INVESTIGATION BY'BRITISH TREASURY

PAPER CURRENCY

(By Tclegivph-Press Associatiqn-CopyrisrM Lo.ndon, December 15. The sub-committee of the Treasury on currencr and foreign exchange, .ls.'invesHiralin? the effect of. any change in ■British silver coinage, in connection with 'the rise in the price of silver, and is.■(liscussing whether the. Government should adopt notes .'below, five shillings, or increase Hi" pronortion of alloy in silver coin'. The committee examined -Jlv. TToßben. Aoiiinr-Seeretavy at ~V lstr « ' t Hcrse in regard to the rouble one", on the Commonwealth'.; subsidiary coinage 31 r Iloghen believed _ that nn> elVnge'acecotable'.to the British Govern, meirt would, be acceptable, to Australia, because Hm conditions were very similar, |„,t he did not think that the Commonwealth Government, would avourably regard notes below five shillings in value, nlthmwh he did 'not, vmssess any official information on the subject. A member of the. committee- suggested- hat as. ecoi. Us-would be a M* Job for Britain perhaps the Australian mints might nssist.-Aus.-N.Z. Cable. Assn. STEPS TO ADJUST FRANCO- BBITISH RATE. London, December 15. "Mr. Lloyd George, sneaking \n the House of Commons, said that in order to remedy the .fall -in exchange, 'between ™ and Britain, the British Government had agreed to issue a French loan. —Aus.-N.Z. Cable Assn. . • LATEST VALUES. -. London,. December 15. The sovereign-now has the following nrlißMO values ; -Paris, 0 francs 5 cenmos: Stockholm, 17 60.kroner; Chn - tiania IS.6U kroner: Calcutta, 18 3-8 m,ocfi J onfreal, 4 dollars 9 cents; *ew. York, i dollars 73 cents.-Aus.-J<.Z. Cable kt&tu ■ ■ ■ ■