Exchange on London
Sir. —The day is past for real help to farmers arising from any exchange rise on London. The real fundamental equalising benefits have now dissolved themselves. The main idea was of course that a high exchange steadied extravagant imports this country could not afford, and gave farmers a share in the waste of public money being thrown about within the last twelve years around the cities. Now that borrowing has been checked, and imports steadied, the cities will have little to spare for high exchange, and naturally exchange should not rise under to-day’s restricted conditions and circumstances. — I am, etc., SISSON. Hastings, July 11.
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Bibliographic details
Dominion, Volume 25, Issue 248, 15 July 1932, Page 11
Word Count
107Exchange on London Dominion, Volume 25, Issue 248, 15 July 1932, Page 11
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