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Show EXCHANGE HATE AIDS FOREIGN IIAIIIS Postoffice Department Ar-ranges Ar-ranges Plan Under Which England and Scandina- yian Countries Benefit BETTKK times in foreign nations, na-tions, particularly in Kngland, Sweden, Denmark and Norway, and a better adjustment of trade relations between these countries and the United States, Is attested by a new schedule for the postoffice rate of exchange Just announced by the l-ostmaster general. In the four countries coun-tries named T'nlted Statea money I sent abroad through the medium of forelpn postal money orders will tiring more money In the country j where received. The last exchange rate set by the postoffice donartment waa ordered ! October 22, 1920. and went Into effect November 1. The new order goes into effect February IB. MORE REALIZED. I'nder the old schedule the Kncl'sh i rnnnd was exchsnred nt the rate of pti.75. Tr-ntew ordered exchanged at '$4 00. The florin of TheNetherTands I was worth 35 cents, and continues at ! I that figure under the new order. In Sweden the krona was worth 12 cents j Inst fall, and is now worth 24: In 1 Denmnck It ha advnnced from 1 to ?0: Norway. 1 to 20. In France and Belgium the franc la still worth thirteen thir-teen to the dollar of American money. It waa explained today by Assistant Postmaster William K. Block that the Italian lire Is not fined In exchange i because the fluctuations have been so rapid. Monev sent from the United tsuttea to Italy must be expressed In dollars and centa. to be exchanged into lire at the prevailing rate when the money orders got there. In other words, the sender here takes a chance on what the remittee will get when h's order arrive. CASH FROM CAMPS. I Although there Is an average of J $V00 ft month sent abroad throuish the,. .alt like postoffice. with higher ! figures for the holidays, such as $.-.85 in November and $6770 In December De-cember last, there nre some m'ninT enmns in the state that handle much larcrer foreign business because of their foreign population. There Is another interesting phase of this I sending of money to relatives across the peas which has to do with the tjiking out of domentlc money orders nt the various l'tah postofflce. with the money consigned to a Japanese bank In Han Kran'sco or a Greek or Italian bank In New York, as the c-e may be. In thene cases the sender generally j sends the money with instructions to hsve It forwarded to some address abroad, and it is done at the rate of exchange that prevails that day. Since the postoffice cannot make n new rate of exchange for all of Its postmasters each day. the rates for several weeks are made sufficiently hteh so that the postoffice department depart-ment itself will not I toser on the 'exchange. Thus the buver of the do-' do-' meMlc order who sends through an i international hank Is generally the 1 gainer to a si ght extent. j |