AMERICA.
A CURRENCY PROBLEMCREDITS VERSUS GOLD. «Kl> NZ OABIU. »»HN. • I (Received 30, 9.35 a.m.) New York, Oct. 29. I Britain’s’ insistence in paying for American purchases in gold is causing ueasiness in finacial circles, who are beginning to favour granting to Britain a long term loan without security, similar to the recent AngloFrench loan. Gold payments for British purchases in America in 1916 reached £90.000,000. Americans from Europe will find an additional monetary unit, leaving the United States great stocks of gold, wherefore they have depreciated the demand, thus raising unique situations, Americans preferring British promises to pay rather than the receipt of gold. THE BLACK LIST. AUSTRALIAN AND NZ. CAULK ASSN.; Washington, Oct. 28. The British reply to the American remonstrances on the Black List refuses to modify the British position, but offers relief in particular cases.
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Bibliographic details
Hawke's Bay Tribune, Volume VI, Issue 269, 30 October 1916, Page 5
Word Count
139AMERICA. Hawke's Bay Tribune, Volume VI, Issue 269, 30 October 1916, Page 5
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