PRISE IN EXCHANGE
(To-the Editor.) Sir,—The thanks of the community are due to you for the stand you have taken against the rise in the exchange. Mr. Coates states that any alteration will not lightly be adopted. With the present position of our exports and imports, which is causing an accumulation of funds in London, it 'looks as though the exchange will crash of its own weight.' How does Mr. Coates propose to maintain the present rate? There is only one way, and that is by issuing further Treasury bills. That means that these will eventually have to be funded and added to the National Debt. , Perhaps, Sir, ybu will from time to time announce the position of the floating debt as compared with the amount outstanding on the date the exchange was raised. —I am, etc.,
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Bibliographic details
Evening Post, Volume CXV, Issue 62, 15 March 1933, Page 8
Word Count
137PRISE IN EXCHANGE Evening Post, Volume CXV, Issue 62, 15 March 1933, Page 8
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