AMERICAN ITEMS.
LATEST CABLE NEWS
AUSTRALIAN AND N.Z. CABLE ASSOCIATION
BACK TO GOLD
HIGHEST DOLLAR KPCHANCE
FOB DECADE
NEW A'ORK. April 24. Britain’s plans to restore sterling to . v a gold parity basis have the snpjiort of American b.inkcqs by credit arrangements through private hanking loans or the purelia.se by the Federal reserve hank of sterling hills. It is indicated that the method most likely to he accepted is by a discounting * *• rangement with the federal p < rei. e Bank in New York, which v ill s-(iirc the British Treasury, a ton Rett supply of dollars anil regulate the marHeavy buying of i-terling. in antii 1 pinion of the announcement ol Britain’s ret ill'll to the gold standard in Mr Churchill’s Budget speech, has sent demand bills within six cents of par, the highest since I9L>. I hey reacted ISI cents to-day.
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https://paperspast.natlib.govt.nz/newspapers/HOG19250428.2.24.4
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Hokitika Guardian, 28 April 1925, Page 2
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142AMERICAN ITEMS. Hokitika Guardian, 28 April 1925, Page 2
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