FOREIGN EXCHANGE
SCHEME FOR STABILISING MOOTED CHAIN OF IMPERIAL BANKS By Telegraph—Press Association-Copyright. London, January 16. The creation of a chain of Imperial ■banks on the lines of the United States Federal Bank system, and tho adoption of silver in a fixed ratio to gold for international payments, are the principal remedies in a scheme mooted by tho “Financial Times” as more likely to rectify the collapsed foreign exchanges than any other international action. It is claimed that it would especially benefit the Empire, would make an impasse like that in South Africa a few months ago impossible, and would ease the situation created by the mutual refusal of Britain and Australia to allow the export of gold.—Reuter.
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Dominion, Volume 14, Issue 97, 18 January 1921, Page 7
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118FOREIGN EXCHANGE Dominion, Volume 14, Issue 97, 18 January 1921, Page 7
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