FINANCIAL JUGGLING.
GERMANY AND THE MARK.
[BY TELEGRAPH.—OWN CORRESPONDENT.] WELLINGTON, Monday.
The question of the gold currency interested- the Bural Credits Commission and Mr. P. H. Cox, who returned to Wellington to-day, observed that Germany, by- clever juggling, was the only country to reap any. advantage from the collapse of the mark. •,. , - .- Other countries; like Holland, which had invested largely in* the mark, had been hard hit. Uruguay ,was the only South American country holding a suffiof- gold to keep her exchange rate at par. All- the others were below and this-was a good example of. what resulted from the judicious holding of gold. ,"T-he reversion to the gold standard" will put exchanges right ' as nothing else .will," concluded' Mr. Cox, "but people are used to notes and it will be a long time before they get used again to" the corrency of gold." *• > •
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New Zealand Herald, Volume LXIII, Issue 19384, 20 July 1926, Page 12
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144FINANCIAL JUGGLING. New Zealand Herald, Volume LXIII, Issue 19384, 20 July 1926, Page 12
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