CORNER TURNED

Rotorua Morning Post, Volume 1, Issue 91, 8 December 1931, Page 5

CORNER TURNED

n Assn.—

Iancial interests yiew I britain's trade 1 positign lustralian exchange

-By Telegraph — Copyright).

1 LONDON, Sunday. I reduction in Australian exle, although welqomed as a move ge right direqtion, has not alto|r satisfied Anglo-Australian lericial men, who maintain it I advantageou§ly be greater.They I the opinion that the uncertainty Ko periodic fixatiPris sponsored |e Commonwealth Bank will relore adversely to trade than the l-ation of a definitely unvarying lover a longer period, say, six lis. They point to the fiuctuation lerling, and declare that operaI of two unpredictable f actors in- [ of one will aggravate the diffiIs of bill brokers. [amvhile the weakness of sterling mot occasioned as much anxiety [as expected. Financiers are of [on that the factors concerned iif necessary, be corrected by a iuse of the bank rate on tradiH lines. The repeal of the Trea[s ban on forward exchange dealis expected soon. The Stock Exge opinion, despite the disquietprld conditions, is that Britain's cial position is turning the cor-