Show Creating New Currency Hard Job for Little States RIGA Nov lQ 26 By U. U P Latvia P. Latvia and Lithuania are engaged in the highly technical and difficult process process process pro cess of creating a new currency And despite the fact that neither country's currency is quoted on the tho bourses of ot the principal trading nations nations nations na na- na- na or generally accepted as means ot payment they are arc making I a very verr fair ft according to o observers Latvia is patriotically getting rid of ot tho the Russian ruble and kopeck and has created a n and centimes centimes centimes cen times Lithuania has alrea already discarded discarded dis dis- dis carded tho the German and andIs Is getting along ver very ery well with a alit alit lit and centimes I It may be some time before the lats Iab and lits become known to the I world at Jar large e for tor the tho conversion must naturally become general at home first but both countries are turning themselves from low into hl high h nations Latvia is adopting the more gradual gradual grad grad- ual process the new lat being reckoned on a n. gold franc basis No lat hat notes have yet ct been Issued lut the latest BOO ruble notes are surcharged surcharged surcharged sur sur- charged as being worth ten tats hats The Tho difference between the old ru ruble ruble u ru- ble notes and the new surcharged ones is that the latter are actually backed by gold and foreign currency cur cur- rency in tho the Bank of Latvia though not convertible wh whereas reas the former are merely merel treasury notes without barking The old notes are being gradually withdrawn circulation a tion 1 i make mala way vay for tor the He new de- de |