GENERAL CABLES
MONEY MARKET. bank rate unchanged. GOLD SHIPMENTS TO FIUNC^ (United Press Association—By Electric Telegraph—Copyright), . LONDON, August 1., v The Court of the Bank of.. England, held a meeting to-day to make its weekly decision regarding the bank rate. - 1 ... •••:• •.<•[ It vjas- announced that there would be no change. .Regarding recent liea.vy shipments of gold to France, amounting to £12,000,000 in six weeks, financial cor- t respondents point out that this gold efflux is an exceptional movement and is not the result of a worsening of the trade balance, consequently the decision to maintain the bank rate at 5 % per cent was in accordance with general expectation.
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Hokitika Guardian, 5 August 1929, Page 6
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108GENERAL CABLES Hokitika Guardian, 5 August 1929, Page 6
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