New York, June 12.
The Bank of England has requested the ce-operation of American banks in establishing an "official" rate for sterling, in order to ban the "free" market within three weeks, according to an announcement made today.
Meanwhile, banking quarters here predicted that the New York banks would accept the proposals, but that beforehand they would seek further information as to the details of operation of the new scheme.
It is reported that the Foreign Exchange Committee is preparing such an inquiry to be forwarded to the Bank of England.
The exchange market ruled fairly eeavetet [EH 34 frm.
Home rails notably streng-some extent for the loss of profitable quiet, with the rate moving within IE Po 3 all 3 ie fe 99
ga Lg
33585 7 spose CE zz ae any rs
20
Text read from the printed page and cleaned; old type leaves the occasional error.