EMPIRE CURRENCY.
SUGGESTION TO DOMINIONS. SAVING ON LOANS. A. and N.Z. LONDON. Nov. 12. A gathering of representatives of the Dominions at the Coloni.il Institute discussed a scheme propounded by Mr. John Darling, director of the London Joint City and Midland Bank, for the creation of an Empire currency aiming at obviating the present necessity, when it is desired to pay money in the Dominions, of having to convert English money into Dominion currency. It is claimed that tho scheme will 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 are expressed. ______ mmamm^mmm —mm.
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Bibliographic details
New Zealand Herald, Volume LIX, Issue 18247, 14 November 1922, Page 7
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119EMPIRE CURRENCY. New Zealand Herald, Volume LIX, Issue 18247, 14 November 1922, Page 7
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