23 MARCH 1901, Page 24

How to Read the Money Article. By Charles Duguid. (Effingham

Wilson. 2s. 6d. net.)—Here the curious may find out what is meant by various expressions that they may see time after time in the newspapers and pass by without comprehension. For instance, on one day the sovereign is worth 25.20 fr., another it is worth 25.13 fr. for transmission. Now the actual sovereign in France is worth 25.22 fr. If the rate falls very low—i.e., if little money is owed by Paris to London, and so bills are hard to get, and the buyer of the bill accordingly gets less for his money—it will be worth his while to send the actual gold. When the exchanges are thus much against a country, a quantity of gold leaves it. Then the rate of interest is raised, to attract foreign money here.