EXCHANGE CRISIS
LONDON, January 29
How long the exchange will remain at thirty per cent, is at present iiuriguing London observers, (.specially in view of the activitiies of outside dealers, who are taking advantage of the banks refusal to grant their eleints accommodation. One large company handling Australian butter and meat are unfailingly ready to supply London buyers at prices often as much as fight points above official rat eft This margin naturally covers the cost ol cabling the companys Australian principles instructions to collect premiums in Australia. They have abundant funds here for selling bills and are very eager to do business. Quite a number of brokers operating in the city are not dismayed at the latest advance.
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Hokitika Guardian, 30 January 1931, Page 5
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119EXCHANGE CRISIS Hokitika Guardian, 30 January 1931, Page 5
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