GOLD STANDARD
EXCHANGE POSITION ACUTE. (United Press Association. —By ElectricTelegraph. —Copyright.) PARIS, November 9. French banks have . reportedly agreed to participate in the £10,000,000 loan to South Africa, to maintain the gold standard. CAPETOWN, November tf. The exchange position is acute, as the reserve oil the bank’s balance at London is approaching exhaustion. The Government is endeavouring to establish an exchange pool in London by a loan of £5,000,000, to be raised in Amsterdam.
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Hokitika Guardian, 10 November 1931, Page 6
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74GOLD STANDARD Hokitika Guardian, 10 November 1931, Page 6
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