ABSTRACT
In the issue of the Economist dated 5 September 1914, there was a note that was said to come from ‘a high authority in Stockholm’ to the effect that it would be desirable if Swedish businessmen could be granted English credit on a temporary basis, in order to relieve the present shortage of currency available for use in foreign transactions. For at present, he explains, it is impossible to export gold from Sweden: ‘the 103 millions of kronen in the Swedish Riksbank are needed for the banknote issue, though our bank has suspended gold payments, following the example of all other countries except England.’
