The Archive · 1939

Finances Compared

London, Dec. 9, The rise of 80 per cent. in British exports in November means a farther addition to the strength of the Allied financial position which is already very, strong, according to ancial quarters here.

"The nominal. value of Great Bri-fain's foreign, Colonial and Dominion, securities is estimated by Mr, Colin Grant Clark, Financial Adviser to. the Treasury and State Statistician for Queensland, at £3,500,000,000, The market value is estimated by "The Economist" at well over £1,000,000,~ 000, which is stated to be equivalent Im Value to the sum raised by mobile lation of investments in the last securities at par, according to authoritative circles, is estimated at about £1,250,000,000.

"The October bulletin of the National City Bank of New York' puls British gold holdings at home Gnd abroad "at $2,200,000,000 and French gold holding at $3,025,000,000, "Seven Million Man-Years"

The journal "Round Table" estimates that gold and easily mobile able foreign investments of both countries total from $7,500,000,000 to '$10,000,000,000, or equivalent to labour of five to seven million man-years.

The same quarters compare these fHiancial resources with those Germany whose reserves in gold and foreign exchange, even after the: seizure of the assets of tthe Austrian and Czech" national banks, are estimated at_a maximum of $250,- (000,000. Germany's finanelat position, alleged, is steadily deteriorating 'a result of the progressive decline of her exports—Reuter, Generous Contributions From Indian Rulers sreciat 20 ne "eae"

London, Dec. 9.

In almost every part of the Empire, contributions are being received. by Recent examples come from India where specific war contributions received. by" the Viceroy, Lord Linlithgow, "are coming from all lasses of Indian society. the Nawab of Rampur has donated joter ambulances to the value of one Tekh of rupees (100,000 Rs); former Maharaja of Indore has placed his French estate at the disposal of the French military authorities; the Maharaja of Gondal has given one, lakh of rupees to be distributed among the dependents of those who lost their lives in the sinking of the Royal Oak; two other Maharajas have contributed £10,000. towards an ambulance, and motor appliances Reuter. yesterday in retaliation for German Folds on Thursday, Several sharp lashes. were reported between patrols. The French, it was said, succeded in neutralizing the German activities—United Press.

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

Your account