EXCHANGE REVIVAL.

Taihape Daily Times, Volume XI, Issue 3462, 16 April 1920, Page 7

EXCHANGE REVIVAL.

CONFIDI<}NC.E IN BRITAIN.

LONDON, April 6.

General satisfaction is notedoat the gmaluul recovery of the pound steriiug in New York. It crossed the fourdollar mark at Easter for the first time since the end of November, though it has since declined slightly. ‘The improvenlent has been partly due to sentiment and partly to 3. real recovery in the financial position between Englanil and the United -St-ates. 5‘ The recent Anglo—Fl'eneh decision to repay the half-billion dollars loan has awakened greater confidence in the united States as .I'eg:ll'ds Bl'itain’s ability to pay her debts. It is expected tlmt fourfifths of the British share of the loan will be repaid by the

.<hipnlonl' of gold. The impl'ovcm(ml‘ of the trade position also :10:-,0u11ts for the recovery of the r:xch:lngo, which is expected to go still better as :1 result of the forthcoming‘ large inflow of American visitors t‘mval'ds Brifain.