The Archive · 1925

The Pound Sterling

Return to Parity

Washington, Jan. 18.

The pound sterling will return to par in the Postal Service on January 22. The conversion rate for postal and money orders payable in Great Britain, Ireland, Australia, New Zealand and South Africa will be $487 per pound, Reuter's. American Ser-

London, Jan. 18.

Bar gold valued at over $6,000,000 and silver worth £27,000 arrived at Plymouth to-day on board the United States liner George Washington from New York consigned to London, but about half the gold is for Bombay:

With reference to the statement of the Washington correspondent of the "Morning Post," on January 15, that it was anticipated that, when Britain returned to the gold standard, Switzerland and Sweden, among other Continental nations, officially would do s0, a Swedish authoritative source points out that, Sweden naturally is much interested in Britain's action as regards the jzold standard, but Sweden already returned to the gold standard on Aptil 1, 1924-—Reuter:

Text read from the printed page and cleaned; old type leaves the occasional error.

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