UNSTEADY.
POUND FLUCTUATES.
No Need for Alarm Says Eminent British Economist.
SITUATION EXPLAINED.
(British Official Wireless.)
(Received 12 noon.) RUGBY, September 25,
The trend of foreign exchanges was adverse to London this morning. Explaining this development Sir Walter Layton, the prominent 'international economist, says: "There is no reason to be alarmed, and wide 3aily movements must be expected for a while.
"These are mainly due to the ebb and flow lar S e amounts of capital, and not to the purchase of much smaller amounts oi foreign exchange required to ■pay for imports of food and goods.
NO DUNLOP DIVIDEND.
(Received 1 p.m.) LONDON, September 25.
. "Owing to the continued trade depression and the present crisis," the Dunlop Rubber Company is not paying an interim dividend on ordinary shares, and will consider preference dividends when the accounts for the year are complete.
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Bibliographic details
Auckland Star, Volume LXII, Issue 228, 26 September 1931, Page 9
Word Count
142UNSTEADY. Auckland Star, Volume LXII, Issue 228, 26 September 1931, Page 9
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