BRITISH & FOREIGN ITEMS.
- BY TELEGRAPH —PRESS ASSN., COPYRIGHT. AUSTRALIAN AND N.Z. CABLE ASSOCIATION. fall in yarn prices. \ I (Received This Day at 9.45 a.in.) LONDON, January 16. A big drop in the price of yarns, estimated at sixty per cent, is forecasted ' from Belfast as a consequence of the lapse of an agreement among British and continental spinners, thereby creating a free market; also a fall in prices of linen goods amounting to thirty five per cent. CHAIN OF BANKS. reuter’s telegrams. (Received This Day at 9.45 a.m.) LONDON, January 15 'Hie Creation of a Chain of Imperial Banks, on lines of United States Federal Banks system and adoption of a silver fixed ratio to gold for international payments, are the principal remedies in a scheme mooted by tiie “Financial Times” as more likely to Ireqtifv .collapsed foreign exchanges.
than any other international action. It is claimed the scheme will especially benefit the Empire, and make an impasse like that in South Africa a iew months ago, impossible. It will also ease the situation created by the mutual refusal of Britain and Australia to allow the export of gold.
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https://paperspast.natlib.govt.nz/newspapers/HOG19210117.2.24.1
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Hokitika Guardian, 17 January 1921, Page 2
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189BRITISH & FOREIGN ITEMS. Hokitika Guardian, 17 January 1921, Page 2
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