BRITAIN'S NOTE ISSUE
NO ALARM AT HIGH LEVEL. (Rec. 12.30 p.m.) LONDON', July 18. A further increase in the United Kingdom note circulation has brought the total t'o above the £650,000,000 mark, but financial circles still 6ee no particularly disquieting inflationary implications, save the "Financial News." Some commentators, however, say the increase in the country's cash requirements is now due much lees to expansion in production than i'o the rise in wages rates, whicth is regarded purely as an inflationary phenomenon. Some accept the opinion that • the recent increase in taxation has prcb- ' ably not succeeded in curtailing spending by wage earners.
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Bibliographic details
Auckland Star, Volume LXXII, Issue 169, 19 July 1941, Page 4
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102BRITAIN'S NOTE ISSUE Auckland Star, Volume LXXII, Issue 169, 19 July 1941, Page 4
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