Word: pound
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Dates: during 1930-1939
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...good reason to discriminate in their favor when domestic gold payments are suspended. Britain did continue to pay gold dollars on its War loan floated in the U. S. but only because it was an external obligation payable in a foreign currency. U. S. citizens who bought United Kingdom pound sterling bonds before September, 1931 have been getting depreciated currency payments along with His Majesty's subjects since Britain went off gold. In December 1931. Banker Thomas William Lament, appearing before a Senate committee, made this observation: "One has to draw a very sharp distinction between the external obligations...
...debt installment due the U. S. on June 15. But then it was recollected that last year's Budget contained no War Debts provision either. Far more important was a guarded announcement that the exchange equalization fund-money that the British Government has used to keep the pound steady by buying and selling dollars, francs and other currencies against it-was to be sharply increased. Said Chancellor Chamberlain: "Some time ago I decided it would be necessary to make an addition to the reserve of the account and later I propose to ask the House of Commons to grant...
...which last year bit ?32,500,000 out of the Budget. Penny a Pint. As far as the British taxpayer was concerned, there was only one encouraging word in the Budget, that was Beer. The income tax remained at its old basic tax rate of five shillings in the pound-25%, the highest income tax in the world, though Chancellor Chamberlain offered a slight sop by restoring the old method of collecting in equal half-yearly installments instead of demanding three-quarters of the tax in January, one-quarter in July. The beer tax was reduced a penny a pint...
...they could not yet tell, but threats of further U. S. inflation had every French statesman, every businessman worried. Frenchmen, badly burned by their own inflation of 1924-25. would throw out by nightfall any government that suggested a parallel move. In effect the British loan married the paper pound to the gold franc, made them an effective team to maneuver against any sudden tricks on the part of the dollar. It brought France still another advantage, for no gold will have to cross the Channel to upset foreign exchange further. The Bank of France already holds...
...pound hammer throw--won by N. L. Cahners (H), 167ft. 10 1-2in.; second, Sears (A), 167ft. 9 1-2in.; third, Peterson (A), 143ft...