THE EXCHANGE RATES.

Manawatu Standard, Volume XLIII, Issue 1703, 17 December 1919, Page 5

THE EXCHANGE RATES.

MAV DIMINISH AMERICAN

EXPORTS.

By Electric Telegraph.- -Copyright. Australian-New Zealand Cable Association WASHINGTON, Deo. 14.

The Director of the Bureau of Foreign Commerce has issued a statement that unless certain reasonably adequate credits are extended to foreign countries American export may be expected to diminish owing to the depreciated foreign exchange. SILVER COINAGE QUESTION. Australian-New Zealand Cable Association Received December 17, 9-25 a.m. LONDON, Dec. 15.

The sub-ccmmittee of the Treasury on currency and foreign exchange is investigating the effect of any change in British silver coinage owing to the rise in the price of silver and is discussing whether the Treasury should adopt notes _ below five shillings or increase the alloy in the silver coins. The committee suggest as re-coining would be a big job for Britain perhaps the Australian mints might assist. Mr Lloyd George, in the House of Commons stated that in order to remedy the fall in the exchange between Franco and Britain the British Government had agreed to issue a French loan. * . THE FOREIGN EXCHANGE^ 5 Australian-New Zealand Cable Association. Received December 17, 10 a.m. LONDON, Dec. 15. The foreign exchange rates in London for the £ sterling are: Paris, 40.05 francs; on Stockholm, 17.80 kroners; on Christiania, 18.66 kroners: on Calcutta, 280gd; on Montreal, 409 cents; on New York, 473 cents.