BIG AMERICAN LOAN.
SOLUTION FOR FALLING EXCHANGE By Telegraph.—r.-ess Asan.—Copyright' London; Sept. 19. The Paris correspondent of the Morning Post reports that the newspapers are concerned by the sudden fall in the exchange, and express the opinion that the only solution is for America to open a sft year?' credit for £1.f100,000,000 at '4Va per cent., leaving France free to utilise the credit to buy in any market she pleases. This would make dollars plentiful and end the present competition between merchants, which is caus-ing-the soaring of the price of the dollar and the sovereign. Big rises are often due to transactions which would havp been normal prior to the war.—Aus. N'.Z. Cable Assoc.
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https://paperspast.natlib.govt.nz/newspapers/TDN19190920.2.74
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Taranaki Daily News, 20 September 1919, Page 7
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114BIG AMERICAN LOAN. Taranaki Daily News, 20 September 1919, Page 7
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