LONDON FINANCE
UNSETTLED MARKETS
RECORD BANK-NOTE ISSUE
(By Telegraph—Press Assn. —Copyright.)
(Received August 10, 11 a.m.) LONDON. August 9. The city, which at first was inclined to ignore the Spanish situation, is now becoming apprehensive of possible international complications. The presence of German warships and bignor Mussolini's chilly attitude towards the French Note are considered ominous.
Heavy sales of francs and marking down of German bonds have reflected the general nervousness which has now spread to most Home securities. The Bank of England note issue reached a new record of £454,400,000 making an increase of £42,600,000 on the year. Only a small proportion of this increase is attributed to improve- ' »ent "Industry. At least three-quar-ters of the increase, it is believed has disappeared and become immobilised m the form of Continental hoards i,Vht a£ k xci"m. also throws some ight on the authorities' determination to continue a cheap-money policy, al:fnnv g nfrre, ce# 5P 1! Phases have a^h-ugf^e^^loll3^ effect* «* The ' authorities are continuing tn reduce security holdings nd citing crldit tho7ina^n cS dt°maintai"
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19360810.2.120.1
Bibliographic details
Evening Post, Volume CXII, Issue 35, 10 August 1936, Page 12
Word Count
173LONDON FINANCE Evening Post, Volume CXII, Issue 35, 10 August 1936, Page 12
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in