EMPIRE CURRENCY.
A BANKER’S PROPOSAL. MEETS WITH MIXED RECEPTION. [By Electric Cable —Copyright.] [Aust. and N.Z. Cable Association.] (Received Monday, 7 p.ni.) LONDON, Nov. 12. A gathering of Dominion representatives at the Colonial Institute discussed a scheme propounded by MT John Darling, director of the London City and Midland Bank for the creation of an Empire currency. This aims at obviating the present trouble in the Dominions desiring to pay money there, having to convert English money into Dominion currency. It is claimed that the scheme would enable the Dominions to borrow in London at the lowest rate instead of at 1 per cent, more than the British Government has to pay. Lord Milner supported the scheme regarding which mixed opinions were expressed.
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Bibliographic details
Manawatu Times, Volume XLVI, Issue 2500, 14 November 1922, Page 5
Word Count
123EMPIRE CURRENCY. Manawatu Times, Volume XLVI, Issue 2500, 14 November 1922, Page 5
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