AUSTRALIAN EXCHANGE.
EFFECT OF REDUCTION. Received December 7 9.15 a.m. LONDON, Dec. 6. The reduction in the Australian exchange, although welcomed as a move in the right direction, is not altogether satisfactory to Anglo-Australian commercial men, who maintain that it might advantageously be greater. They are of the opinion that the uncertainty, due to periodic fixations sponsored by the Commonwealth Bank, will react more adversely to trade than the declaration of a definitely-un vary lag rate over a longer period, say, six months. They point to the fiuetuatjons or the sterling and declare that the operations of two unpredictable factors instead or one will aggravate the difficulties oi the bill brokers.
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Manawatu Standard, Volume LII, Issue 6, 7 December 1931, Page 8
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111AUSTRALIAN EXCHANGE. Manawatu Standard, Volume LII, Issue 6, 7 December 1931, Page 8
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