EFFECT ON EXCHANGE
AUSTRALIAN DISCUSSION
COMPROMISES PROBABLE,
(OXniO PRESS ASSOCIATIOK-COPXRIGHT.)
(Received sth May, 12.30 p.m.)
SYDNEY 2 This Day.
The "Sydney Morning Herald" says that negotiations between the banks are progressing satisfactorily towards settling the exchange rates on London. There is every likelihood o£ a compromise being reached between two proposals, one for a steep fall, and the other for making the fall easy by steps.' The margin between buying and selling rates is also being negotiated, and a compromise is likely between the advocates o£ an initial margin of ss, widening with the lengthening of the usance, and the advocates of the present 20s margin.
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Bibliographic details
Evening Post, Volume CIX, Issue 103, 5 May 1925, Page 7
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106EFFECT ON EXCHANGE Evening Post, Volume CIX, Issue 103, 5 May 1925, Page 7
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