FINANCE

Taihape Daily Times, Volume 7, Issue 319, 16 October 1915, Page 8

FINANCE

IS THE POUND STANDARD TO GO? NEW YORK, October If A meeting cf British and American ' financiers is to be hold for tihe purpose 'of devising; a method to bolster up the lvalue of the pound sterling, which is now tco far below par to make continued buying of American exports deUirable from the British point of view. Experts are unanimously of the opinion that one remedy is that when the billion loan is spent tjhere will be a virtual elimination of the pound stan(dard in the world of finance, and the substitution cf the dollar for at least the remainder of the war. A supplemental lean of a quarter of a billion, under these conditions,, will be easily floated ifi London.