The great exchange fraud
Sir: Being neither train robber nor Prime Minister, I have none of those financial facilities which my name might seem to command. I, therefore, read with considerable apprehension Mr Bayliss's letter (2 February), for if his experience is indeed in accordance with the present exchange regulations, I seem to have been grossly misled by the English banks.
Coming to France three months ago to establish residence, I was allowed to bring a fair amount of furniture and a good proportion of my own savings. The rest of my money and that belonging to my wife, however, was frozen, not in an external account but in an ordinary deposit account, in
savings certificates and in Development Bonds, and I was told that for four years I could not touch one penny of this even if I were to return to England for a holiday. I was assured, on the other hand, that after four years' established residence in France, I might claim my own with usury for use wherever I would.
If Mr Bayliss cannot touch any of his money even after eight or nine years, the question arises whether he is being wrongly treated, whether I have been deceived or whether there are differing sets of regulations.
H. R. Wilson 58 Promenade de la Plage. I3—Marseille, 8, France
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