FOREIGN EXCHANGES.

Taranaki Daily News, 6 September 1922, Page 8

FOREIGN EXCHANGES.

THE LATEST RATES. By Telegraph.—Press Assn. —Copyright. London. Sept. 4. Following are the current exchange rates, a comparison being given with the last report (August 31) and par:—

THE DRUG LIE NAILED. The liquor traffic in N.Z. is this month circulating the following statement regarding alleged drug addiction in the U.S.A.:—‘-In 1919 the import of opium was 750,000 lbs, in 1920 it jumped to 1.100.000 lbs.” Official figures supplied direct by the U.S. Department of Foreign Commerce give the import of opium for 1919 as 316/713 lbs, which is less than half what the liquor traffic says it was. In 1920 the import was 224,152 lb., or just about one-fifth of what the liquor traffic says it was. In 1921 the import was only 96.668 lbs. Taking round figures, the imports of cocaine into the U.S.A, in 1919 were 12.000 ozs., and in 1921, 7000 ozs.: morphia in 1919 was 15,000 ozs. and in 1921. 3160 ozs. These immense reductions the liquor traffic calls ‘an alarming increase.’ This is one only, but a typical sample, of the liquor traffic misrepresentations about the effects of prohibition in the U.S.A. Ask the liquor traffic if any drug evil is found in No-license districts of N.Z. Ask them, too. how they make this alleged increase in drug taking because of the absence of alcohol, square with their statements that there is more drinking than ever in the U.S.A, since prohibition. If folks are getting the drink, why do they need the drugs? And if the.liquor traffic will use cooked figures to mislead you about drugs, can you trust anything else they say about prohibition? Keep your eye on* the liquor lie when the ‘Trade’* is talking prohibition. —N.Z. Alliance Publicity (66).

Pounds can be saved by having your pld or soiled garments renovated by J. K. Hawkins and Co., dry cleaners and .team dyers, Devon Street, New Plyrenovate* them like new. Our ’phone genuine—insist if you have to—and be number is 685. Get busy.

Paris (fr.) Sept. 4. . 57.37 Aug. 31. 58.55 Par. 25.555 Stockholm (kr.) . . 16.80 16.83 18.159 Christiania (kr.) . 26.97 26.67 18.159 Copenhagen (kr.). 20.79 20.79 18.159 Berlin (marks) . 6250 7300 20.43 Rome (lire) .... . 102.25 25.255 Calcutta . 1/3 5-8 1/3 9-16 2/1 Yokohama . 2/1% 2/1% 2/0 y 2 Hongkong ...... . 2/6% 2/7 Montreal (dol.)... New York (dol.) . 4.46 5-8 . 4.46% 4.46 1-8 4.46 1-8 4.866