BRITISH COMMITTEE'S PROPOSED REMEDY.
(By Electric Telegraph.—Copyright.) (Australian and N.Z. Cable Association) LONDON, Sunday.
The Committee on Currency and Foreign Exchanges in its final report states that the depreciation of the sterling in New York is largely due to the expanded state of credit in Britain, and the large payments we have to make to America for necessary imports make it essential that we should secure payments in cash for as large a proportion of our exports as possible. We therefore recommend that we give preference to exports to countries able to pay in the ordinary course of trade. The first essentials to rteovery of the exchange are increased production, cessation of Government borrowings and decreased expenditure by the Government and individuals.
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Wairarapa Daily Times, Volume 45, Issue 14005, 16 December 1919, Page 5
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122BRITISH COMMITTEE'S PROPOSED REMEDY. Wairarapa Daily Times, Volume 45, Issue 14005, 16 December 1919, Page 5
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