BANK OF ENGLAND RATE
REASON FOR INCREASE FOREIGNERS AND LOANS [ Australian Press Assn. ] LONDON, Sept. 29. One explanation of the increase, in the bank rate is that the Bank of England is attempting to force the foreign borrower to seek accommodation elsewhere. thereby preserving British capital for British industry. The only real danger appears in the possibility of the Federal reserve and other foreign banks acting likewise, resulting in money becoming Iparer throughout the world, while still leaving London favourable as a borrowing market for foreigners.
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Bibliographic details
Wanganui Chronicle, Volume 72, Issue 233, 1 October 1929, Page 7
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86BANK OF ENGLAND RATE Wanganui Chronicle, Volume 72, Issue 233, 1 October 1929, Page 7
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