AUSTRALIAN
„lelit£LJAN it N.Z. CAULK ASSOCIATION an AMERICAN SOLUTION.
SYDNEY, February 13
11l connection with the exchange rate ' difficulty, the American Consul here advises exporters to now sell in American dollars, instead of in sterling. Spain is already doing this. Othei countries are beginning to take the same attitude. The United States is encouraging it. A prominent Sydney hanker has declared that by doing this, Australian merchants will be helping to stabilise the London money markets. Any Australian bank would collect these dollars for a small commission, or a settlement could 1)C made i»| the ordinary course, through London. Tin; seller thereby would get not only legitimate profit, but any benefit accruing from adverse exchange. He also says Australian buyers of American goods should insist on delivery at normal dollar exchange.
Most goods from America ale sold at rates which allow ample trade profits witlmet rd itional profit being made in the doilar exchange.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/HOG19200214.2.17
Bibliographic details
Ngā taipitopito pukapuka
Hokitika Guardian, 14 February 1920, Page 2
Word count
Tapeke kupu
154AUSTRALIAN Hokitika Guardian, 14 February 1920, Page 2
Using this item
Te whakamahi i tēnei tūemi
The Greymouth Evening Star Co Ltd is the copyright owner for the Hokitika Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in