BRITISH-AMERICAN EXCHANGE
i, HOPES FOR IMPROVEMENT. (flee. January i, 5.5 p.m.) New York, January 2. Interviewed in London, Sir Auckland Gcddes said that English manufacturers worn not disturbed by the position of United States and English exchange. Ho says that it devolves upon the. United States to bolster up the exchange. Sir Auckland Geddcs also intimated that Britain's future policy would l>e to purchaso raw; materials for manufacture from the United States, while sho would secure foodstuffs from the British Dominions. Sit- Gcnrge Paish, interviewed in Now York, said that the United States must extend to England a large, long-time loan, because England was buying in the United States extensively and reselling practically all to Europe. Bankruptcy threatens Europe, he said, if such a loan is not furnished. Sir George Paish states that ho hopes to be able to improve the exchange rate between tho United States and Englaad.—Aus.-N.Z. Cable Assn.
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Dominion, Volume 13, Issue 85, 5 January 1920, Page 5
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151BRITISH-AMERICAN EXCHANGE Dominion, Volume 13, Issue 85, 5 January 1920, Page 5
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