HAMBROS BANK MEETING.
At the recent annual meeting of Hambros Bank, the Chairman, Mr. R. Olaf Hambro, referred to a point with which I deal in another cqiumn, namely, the chaotic state of the exchanges. Hambros Bank, however, carries on a considerable part of its operations in the Scandinavian countries, where there is greater stability in terms of sterling than in the case of some of the other exchanges. Indeed, Mr. Hambro pointed out the great contrast between the stability of exchange within the sterling group and the instability outside of it. Referring to conditions in the Scandinavian countries, Mr. Hambro maintained that the trading position was probably sounder than for many years, and he emphasized the need for the rest of the world co-operating in some scheme for stabilization.
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