AMERICAN CABLE NEWS
(Australian & N.Z. Cable Association.). MONEY EXCHANGES. NKAY YOUK, Auo. 9. Exchange on sterling cables advanvaneed to 480 3-32. the highest level reached this year. The foreign exchange trading sterlings strength is attributed to the reduction r.l tic New York Federal Reserve Rank rediscount i'll to lo 3} per cent, lowering the differential he tween New York and London rates to one per cent.
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Hokitika Guardian, 10 August 1927, Page 3
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66AMERICAN CABLE NEWS Hokitika Guardian, 10 August 1927, Page 3
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