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MATCHES AND POUNDS

'With a gold "reserve of losh than .■£200,000,1100. currency and credit, transactions dealing with a national income of over £4,000,000,000 hnvo been successfully dealt with in one year, and in the same year ' the Bankers' Clearing llou.se turnover was well over £40,000,000,000; from which one can gather the enormous importance of English bunking- in assisting- in carrying on world trade. Incidentally, J may mention, that in that vear (he French match monopoly made' #',000,000,000 matches, .

"ft is not of great importance, but it gives SOrn'o idea of the number of pounds."—Mr. Marcus ►Samuel, M.P., ia th'o House of Commons, London.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/PBH19350717.2.110

Bibliographic details

Poverty Bay Herald, Volume LXII, Issue 18760, 17 July 1935, Page 11

Word Count
103

MATCHES AND POUNDS Poverty Bay Herald, Volume LXII, Issue 18760, 17 July 1935, Page 11

MATCHES AND POUNDS Poverty Bay Herald, Volume LXII, Issue 18760, 17 July 1935, Page 11