WAR DEBTS
BRITAIN’S TOKEN PAYMENT United Press Association—By Electric Telegraph—Copyright LONDON, December 5. The Chancellor of the Exchequer (Mr Neville Chamberlain), replying to questions in the House of Commons, said that Britain’s token payment of the December instalment of debt to America would be made in dollars, not silver. Mr Roosevelt’s power to receive silver at the rate of 50 cents an ounce lapsed on November 12. Britain and Ulster last year imported approximately 41.000,000 ounces troy weight of gold bullion.
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Bibliographic details
Timaru Herald, Volume CXXXVII, Issue 19666, 7 December 1933, Page 10
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81WAR DEBTS Timaru Herald, Volume CXXXVII, Issue 19666, 7 December 1933, Page 10
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