London, Sept. 21.
There were no official dealings in foreign exchanges, but banking and ether business proceeded as usual and the public displayed no trace of nervousness. In general imistic feeling prevails that the
such as Britain forced off the gold of a great financial Power standard, not through any internal weakness bat by the mal-functioning. of the world monetary system followed by the demoralization exchanges, will have a salutary effect in awakening world opinion. to the need for concerted action to eat with the fundamentals of the depression.
Messages from abroad indicate! that the nature of tne emergency with which the country was faced well understood and the courage lof the action taken is appreciated.
Speaking in the House of Com: mons, the Chancellor of the Exchequer, Mr. Philip Snowden, said, that the banks, would scrutinize demands for exchange transactions, to revent purchases or conversions other than for bona fide commercial requirements. Foreign banks in.
were ce-operating in this matter. The Government, however, were taking powers to support and reinforce, if necessary, the voluntary action of the banks.
Text read from the printed page and cleaned; old type leaves the occasional error.