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Cambridge Five Spy Ring — Part 30
Page 24
24 / 69
£
~“ DAI
‘No. 20,979, * (i )"* WEDNESDAY NOVEMBER ‘15 ‘1967
co”
Blo THE LOAN *
' World aids PE
‘million
Wy MICHAEL GILLARD |
: help the £\out of trouble! /2/ .
: This “fist aid ” will'considerably brighten
the £’s‘chancks of growing glronger. And it
could not havk come at ‘a njre crucial time.
For October'§ trade figures/ released yesterday,
showed a disastrbus gap of £107 million—the dock
strikes crippled éxports, buti/had little effect on
limiting imports, \ /
This giant slide \nto-the rgd increased devaluation
‘nervousness of ‘foreign exch ge dealers and the £
closed on its gfficial\" floor? of 2.78}, dollars, ‘down
1/16 cent, against the oficial rate of 2.80 dollars.
The Bank of England ad tq step in as a buyer
of £s to keep the rate *" \ sch .
io4
put up by- France, Italy,
Ggrmany, Holland, Belgium,
Switzerland, and America| It must’ be repaid between
Seven and. eightgen modting fraps ao
xpressm
-£with PHI
a loan of 6] would st
again i
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