COMPETITIVE TRADE.
AND BRITISH MONEY POLICY. British Official Wireless. (Received 2 p.m.) RUGBY, June 17. Recalling that the French Government had stated that it was not its policy to devalue the franc and refusing therefore to reply to a question in the House of Commons on that hypothesis, the Chancellor of the Exchequer, Mr. Neville Chamberlain, took the opportunity to deal with what he described as a "misapprehension" current in some quarters. Mr. Chamberlain said: "Our monetary policy has never been governed by any desire to obtain competitive trade advantages. The Exchange Equalisation Fund plays the part only of smoothing out unnecessary fluctuations."
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Auckland Star, Volume LXVII, Issue 143, 18 June 1936, Page 7
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103COMPETITIVE TRADE. Auckland Star, Volume LXVII, Issue 143, 18 June 1936, Page 7
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