THE EXCHANGE AGREEMENT
BRITISH HOPES. (Aus & N.Z. Cable Assn.) LONDON, October 13. That the currency agreement means the end of exchange speculation is the opinion of financial circles in England and the Continent. The authorities have now colossal funds at their disposal; England 350. United States 400, and France 100 millions sterling. None can afford to take the grave risk that exchange operations involve. It is emphasised that there is no intention of tying sterling to gold or the franc. Britain stands to gain more than any country from increased trade, which stable exchanges will promote.
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Grey River Argus, 15 October 1936, Page 6
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96THE EXCHANGE AGREEMENT Grey River Argus, 15 October 1936, Page 6
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