SCHEME TO CHEAPEN LIVING.
TRADE WITH RUSSIA URGED. ' By Telegraph —Press Assn.—Copyright. London, Feb. 2G. The Daily Express makes a feature of a new plan for cheapening living. The paper says the problem must be tacked from three directions—readjustment of the American exchange, the drastic reduction of shipping freights, and tiic re-opening of unrestricted trade with Russia. The paper points out that the gold reserves held by the banks total 170 millions sterling, while financiers declare that sending America fifty millions in gold wouid rectify the exchange. The Government declares that this is impossible. The Express urges that it can be sent immediately if Britons return their Government bonds and lend the State gold and trinkets, which will be returnable when the normal gold reserves are re-established.—Renter.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/TDN19200302.2.40
Bibliographic details
Ngā taipitopito pukapuka
Taranaki Daily News, 2 March 1920, Page 5
Word count
Tapeke kupu
127SCHEME TO CHEAPEN LIVING. Taranaki Daily News, 2 March 1920, Page 5
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.