PAPER MONEY IN ENGLAND.
SUDDEN CHANGE TO GOLD. WOULD BE DISASTROUS. Received May 29th, at 10.30 a.in. LONDON, May 28. Owing to Mr "McKenna’s forthcoming additional) income tax on American securities, many holders congregated at the National Debt Office, on Saturday, offering to sell. Professor Foxwell hopes that now the public of London has taken kindly to paper notes they will not be suddenly replaced after war by gold, otherwise ther e will be a sharp fall in prices, comparable with the depression after the conclusion of peace in ISIS.
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Taihape Daily Times, Volume 8, Issue 126, 29 May 1916, Page 5
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90PAPER MONEY IN ENGLAND. Taihape Daily Times, Volume 8, Issue 126, 29 May 1916, Page 5
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