TRADE WITH AMERICA.
LARGE PURCHASES BY BRITAIN". THE FINANCIAL ASPECT. By Telegraph.—Press Assn—Copyright. Received Jan. 4, 5.5 p.m. New York, Jan. 2. Interviewed in London, Sir Auckland Geddes (President of the Board of Trade) said that English manufacturers were' not disturbed by the position of the United States and the English exchange. He says it devolves upon the | United States to bolster up the ex- ! change. Sir Auckland Geddes intimated | that Britain's future policy would be to purchase raw materials for manufacture from the United States, while she would secure foodstuffs from the British Dominions. Sir George Pftish (the well-known financial authority), interviewed in New York, said that the United States must extend England a large long-time loan, because England was buying in the United States extensively, and reselling practically all to Europe. Bankruptcy threatens Europe if such a loan is not furnished. Sir George Paish states that he hopes to be able to improve the exchange rate between the United States and England.—Aus.-N.Z. Cable Assn.
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Taranaki Daily News, 5 January 1920, Page 5
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166TRADE WITH AMERICA. Taranaki Daily News, 5 January 1920, Page 5
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