Magazine content is available exclusively for TIME subscribers.INTERNATIONAL: Again Gold: Perfidious Paris
INTERNATIONAL
Again Gold: Perfidious Paris
The "real reason'' for current weakness of the British pound on the New York exchange was discovered last week to the satisfaction of London's Daily Herald, organ of the Labor Government.
Reason: a ''very serious" quarrel between biggest U. S. and British banking interests. According to the Daily Herald, the quarrel began when British bankers secured a lion's share of recent "profitable foreign financing business."
Result: according to Labor's Daily Herald, disgruntled U. S. financiers, who got the lamb's share, have been punishing...
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