INCREASED EXCHANGE RATES ARE SURPRISE.
INVESTORS AND OTHERS EXPERIENCE DISTRESS. (United Press Assn.—By Electr’Telegraph.—Copyright.) (Received January 6, noon.) LONDON, January 5. Announcement of increased exchange rates took banking circles by surprise, though some increase was expected. The increase accentuates the already sharp distress of those subsisting either by returns from Australian investments or by remittances. It furthermore adds to the difficulties of Governments meeting periodic payments.
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Star (Christchurch), Issue 19270, 6 January 1931, Page 1
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66INCREASED EXCHANGE RATES ARE SURPRISE. Star (Christchurch), Issue 19270, 6 January 1931, Page 1
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