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Show 00 Low Echange Rate Acts as Protective Tariff The pound sterling which used to be worth $4 S7 in American money la now worth only ?t 1S The Herman mark is worth practically nothing French and Italian standards show a like depreciation. de-preciation. As a result the European countries cannot afford to buy goods In I lie Ini ed Slates, and this has the mdic effect al a protective larrlf, says H. C. lliohnl of the Malbohm Motors company. com-pany. "Of all of the countries directly if-fected if-fected by the war, Belgium la the first to recuperate Two hundred millions of dollars are on deposit In Belgium banks and drawing no Interest Money can be had easily at 5 per cent. The general mpresalon has prevailed on tills .side of the Atlantic that Belgium was pretty elt stripped of her manhood by the German Ger-man invasion. Facts recently brought out ;it Atlantic City show that only K.nilfi mon were lost. "England seems able 10 take rare of I herself, but France and Italy will both need long ti'im credits from this country 1 before they can got back on their own feet. |