ANGLO-AMERICAN MONETARY RELATIONS.
CURRENT RUMOURS OFFICIALLY QUASHED (By Telegraph-Press Assn.-Copyright) NEW YORK, July 13. The Now York Times' Washington correspondent has been informed that a fiscal official has definitely quashed two rumours affecting Anglo-American monetary relations. First he denied that a monetary clause in the AngloAmerican reciprocal arrangement, providing for a definite relationship between the dollar and the pound, is contemplated. Secondly he said the report that the British authorities are permitting the pound to drop to a new low level in order to stabilise it at that point was false and unfounded.
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Horowhenua Chronicle, 15 July 1938, Page 7
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93ANGLO-AMERICAN MONETARY RELATIONS. Horowhenua Chronicle, 15 July 1938, Page 7
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