A FINANCIAL REMEDY
CHAIN Op' IMPERIAL BANKS
(BISTER'S TELBS3AII.) (UNITED PRESS ASSOCIATION.—COPYRIGHT.) (Received January 17, 11.50 p.m.)
LONDON, 16th January.
Tha creation of a chain of Imperial banks on the lines of the United States Federal Bank system, and the adoption of silver in a fixed ratio to gold for international payments, are the principal remedies in a scheme mooted !\y the Financial Times as more to rectify the collapsed foreign exchanges than any other international action. It is claimed that it would especially benefit the Empiro, would make an impasse like that in South Africa a few months ago impossible, and would ease the situation created by the mutual refusal of Britain , and Australia to allow the export of gold.
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Bibliographic details
Evening Post, Volume CI, Issue 14, 17 January 1921, Page 7
Word Count
121A FINANCIAL REMEDY Evening Post, Volume CI, Issue 14, 17 January 1921, Page 7
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