FOREIGN EXCHANGE: Bargain Sale

In the wake of worldwide currency devaluation last week (see FOREIGN NEWS) there were plenty of bargains—and also considerable confusion over prices. Nowhere was the confusion greater than on the international airways. On all eastbound transatlantic flights out of New York, passengers paid the usual rate of $350. But in London, westbound passengers could fly on British planes for the old rate of £86, a saving, under devaluation, of $109.

In London, 32 of the 60 airline members of IATA (International Air Transport Association) held a hurried meeting, worked out a temporary...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!