Because he has several times been Finance Minister, a mere suggestion let fall last week by Professor Englis of Brno Law School was enough to force down 7% on international exchange the Czechoslovak crown which has remained rock firm on gold for the last twelve years.
Professor Englis' suggestion: let Czechoslovak importers be penalized by forcing them to pay 30% above current rates for the foreign currency they need to buy their stock in trade; and let crowns be sold 30% below par to foreigners who purchase them to buy Czechoslovak goods.
In Vienna news of the Englis suggestion caused foreign...
To continue reading:
or
Log-In
