DECLINE IN POUND
Chancellor’s Reply to Query London, Oct. 27. Asked whether, in view of the sudden fall in the value of the £l, he proposed to take steps to restore its value, the Chancellor of the Exchequer, Mr. Neville Chamberlain, said in the House of Commons that he saw no reason to reconsider his announcement at Ottawa, in which he said: “We do not see any prospect of a speedy return to the gold standard nor are we prepared at present to say at what parity such a return should be effected, if or when it takes place.” When the stock markets closed today leading British stocks showed slight change on the day, with War Loan assented 1-16 better at 99 9-16 ex. div. DECLINE CONTINUES British Currencies in New York New York, Oct. 27. . The decline of British currencies in the international exchange market continued on Thursday. The Canadian dollar declined 7-16 cent to 90 1-8 cents to the dollar and the £1 declined J cent to 3.27 J dollars.
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Dominion, Volume 26, Issue 30, 29 October 1932, Page 11
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172DECLINE IN POUND Dominion, Volume 26, Issue 30, 29 October 1932, Page 11
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