5 OCTOBER 1929, Page 3

The present experience has been no exception to the rule.

This week the foreign exchanges have turned distinctly in favour of Great Britain. All the principal exchanges, including the French, show an advance. On Tuesday more than £800,000 worth of South African gold was sold in the open market and the greater part of this was bought by the Bank of England—oddly enough at a iowerprice than the Bank has recently paid. France, hoWeVer, withdrew' £1,000,000. The unceasing purchase of gold by France is difficult of explanation on any &rely financial grounds.' It is strongly suspected that th'efels political reason. It 'may be that France wishes to check the tendency 'to 'concerted international co-