?LL STRENGTHEN AFTER IMPENDING DEBT PAYMENTS
1CTI0N ON CONTINENT
-By Telegraph— Covynslit).
pei Oct. 20, 5.5 p.m. | Paris, October 19. icial cireles attribute a sud- . in sterling to the cessation of ! England's intervention, ieve the extent and rapidity fall exeeeds the bank's antiNevertheless, confidence ing will strengthen after the .settlement hanging over the 5r m December, namely (1) ayment to foreign holders of in and (2) the payment of ,000 war debts to America aiber 15. nancial newspaper L'lnformames the Continental Governpartieularly Switzerland, Belid Holland for selling sterlwotect their own currencies. banks are also unloading ewing holdings in order to emselves from losses similar ! sustamed when Britain left standard. American interests sellmg sterling for election n purposes as the Republiblre ta ^stain the dollar at m of sterling. Finally, Con- ; m\estors are withdrawing Toni Britain owing to the low lates prevailing.
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Bibliographic details
Rotorua Morning Post, Volume 2, Issue 359, 21 October 1932, Page 5
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141?LL STRENGTHEN AFTER IMPENDING DEBT PAYMENTS Rotorua Morning Post, Volume 2, Issue 359, 21 October 1932, Page 5
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