THE DECLINING SOVEREIGN.
•v PROPOSED SUBSTITUTION OF THE DOLLAR. NEW YORK, October 13. ■ k A meeting of British and American financiers is to be held for the purpose of devising a method to bolster up the value of the pound sterling, which is now too far. below par to make continued buying of American exports desirable from the British point of view. Expert? ure unanimously of opinion that the only remedy is that when the billion dollar loan is spent there should be a virtual elimination of the pound an the standard in world finance, and the sul>stitution of the dollar for at least the remainder of the war. A supplemental loan of a quarter of a billion dollars under these, conditions couid.be easily floated'in LonHon.
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Ashburton Guardian, Volume XXXV, Issue 8269, 14 October 1915, Page 6
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126THE DECLINING SOVEREIGN. Ashburton Guardian, Volume XXXV, Issue 8269, 14 October 1915, Page 6
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