Washington, Jan, 8, 'AIN'S decision to support sterling with £350,000,000 worth of gold was partially a result of the encouragement given Democratic countries by Presid lent Roosevelt in his emphatic references to totalitarian nations in his annual message to Congress last week, well-informed sources told the United Press today.
The earlier failure of sterling to recover substantially from sharp de-lines it sustained after the September crisis in Europe caused considerable disappointment to monetary authorities here who felt Britain was not taking full advantage of her resources to influence the sterling recovery.
Reliable information received here lin recent weeks indicated Germany has been taking advantage of lower priced sterling to Increase her pur-[chases of raw materials from Britain, JAccording to local report, Britain did not like this development, but lack jing encouragement. from the other Democracies, she was inclined to allow sterling to drift with litre effort. to defend it—United Press.
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