IMPERIAL BANKS.
TO BENEFIT THE EMPIRE. London, Jan. 15. The creation of a chain of Imperial Banks, on the lines of the United States Federal Bank system, and the adoption of a fixed ratio of silver to gold for international payments are the principal remedies in a scheme mooted by the Financial Times as more likely to rectify the collapsed foreign exchanges than any other international action. It is claimed that the scheme will especially benefit the Empire and will make an impasse like that in South i Africa a few months ago impossible. It ’iwill also ease the situation created by the mutual refusal of Britain and Australia to allow the export of gold.— Reuter.
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Taranaki Daily News, 18 January 1921, Page 5
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116IMPERIAL BANKS. Taranaki Daily News, 18 January 1921, Page 5
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