TRADE AND FINANCE.
CONDITIONS MORE NORMAL
REDUCTION OF WAR RATE.
CONSERVING FOOD-STUFFS.
London, August 9.
Mr. Lloyd George stated in the House of Commons that the queue at the Bank of England had vanished. There had been £5,607,000 paid in on foreign accounts. Telegrams from all parts of the country showed no sign of the hoarding of gold. Trade was assuming normal proportions.
The war insurance rate has been reduced to four guineas per cent.
Sir Herbert Samuel, President of the Board of Trade, is considering whether compulsory methods are necessary against sellers and buyers of provisions who attempt to force prices up. It is reported that some large wholesale dealers are holding up the large stores.
The Board of Agriculture states that there is five months' supply of bread-stuffs in the United Kingdom, including the home crop now being harvested, but excluding the wheat and flour due to arrive shortly. Affairs in London are swinging back to as near normal as possible, The. rush on the stores in the provinces for food has practically ceased. People now view the situation calmly and determinedly.
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Bibliographic details
New Zealand Herald, Volume LI, Issue 15684, 11 August 1914, Page 7
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184TRADE AND FINANCE. New Zealand Herald, Volume LI, Issue 15684, 11 August 1914, Page 7
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