FALL IN STERLING
UNCERTAINTY OVER WAR DEBTS (United Press •Association—By Electric Telegraph—Copyright) (Received this day at ILIS a.tn.) LONDON; November 18. Sterling receded to 3271, the lowest point of the year, dut to fears that payment of the war debt to America in December would deplete the exchange equalisation fund, rendering tile authorities unable to support the pound, would fall to a lower level,. ; Heavy seasonal payments for cotton a to the sterling decline, from which later there was a sharp recovery to 329. 'Hie franc rate also'improved, 83 5-8, to 84.
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Hokitika Guardian, 21 November 1932, Page 6
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92FALL IN STERLING Hokitika Guardian, 21 November 1932, Page 6
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