RESOURCES OF ALLIES
AMERICAN CREDITS HUGE GOLD RESERVES (Reed. Oct. 9, 9 a.m.) NEW YORK, Oct. 7. The New York Journal of Commerce cites the monthly letter of the National City Bank showing that England and France are in a better position to pay cash for wartime purchases from the United States than in 1914. It points out that the current British and French gold holdings amount to £1,045,000,000, besides large additional holdings which could be received from South African ana other mines. The British and French bank balances in the United States are at present estimated at £177.000,000, compared with the combined gold and foreign exchange resources of £563,000,000 in 1914. KING VISITS FLEET (Reed. Oct. 9, 11 a.m.) LONDON, Oct. 8. The King has returned to London after a two-day visit to the Home Fleet.
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https://paperspast.natlib.govt.nz/newspapers/GISH19391009.2.66
Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20063, 9 October 1939, Page 7
Word Count
137RESOURCES OF ALLIES Gisborne Herald, Volume LXVI, Issue 20063, 9 October 1939, Page 7
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