MUST STAY HOME.
' Sydney, March 7 ! it is now' practically impossible for I Australians to take holiday trips I abroad. This amazing state of affairs is due to the high rate of exJ change in London and the decision of | the Commonwealth Bank to prohibit I the cashing of Commonwealth notes I overseas. The difficulty has arisen by reason of Australia’s reduced exports 'of primary products which are realised on in London and provide our ! oversea balances These have be--5 come depleted and the adverse balance has been increased by heavier Imports Moreover a substantial increase in official rates is likely in the 'near future
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Bibliographic details
Bay of Plenty Times, Volume LVIII, Issue 10322, 8 March 1930, Page 3
Word Count
105MUST STAY HOME. Bay of Plenty Times, Volume LVIII, Issue 10322, 8 March 1930, Page 3
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