“£ Still In Peril”
(Rec. 11 p.m.) LONDON. Oct. 3. The inescapable fact to be drawn from the drop in Britain's gold and dollar reserves last month was that the £ was still in peril, the ‘‘News Chronicle” said today. “The world has not yet regained confidence in sterling," the “News Chronicle” said. “There is still a widespread suspicion' that Britain is not prepared to stop the inflation which gnaws away the value of her currency.” The “Financial Times” said: "The reserves are inadequate. “The true position of the reserves is that they stand now al 1300 million dollars—a figure which itself includes some other short borrowing and this month’s European Payments Union settlement—with existing or prospective short-term borrowings of 1060 million dollars to be added to them.” the “Financial Times” said. “Our quick liabilities exceed our quick assets. ..
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Press, Volume XCVI, Issue 28399, 4 October 1957, Page 13
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137“£ Still In Peril” Press, Volume XCVI, Issue 28399, 4 October 1957, Page 13
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