POSITION OF STERLING
BRITISH CHANCELLOR OPTIMISTIC (NZ. Press Association—Copyright) LONDON, March 17. Mr R. A. Butler, Chancellor of the Exchequer, said today that the position of sterling was being held satisfactorily *as a result of the drastic steps I was obliged to take. “I am fundamentally not at all glum,” he fold representatives of the local Conservative (Government) Party branches meeting in London. "Hie stability of the British economy is recognised throughout the world.* u Mr Butler recently increased the b«nk rate to 4$ per cent, and tightened «*Ht facilities. 1 were to have any anxiety at PF—Uiil it would be because of the Maa that we are suffering in some from the fruits of prosperity,” he *ye have, in some respects, getting a little too fat, and there"J® I have had to reimpose a somewhat drastic slimming diet.” Chancellor announced that he jrould present the Budget on April U.
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Bibliographic details
Press, Volume XCI, Issue 27612, 19 March 1955, Page 9
Word Count
150POSITION OF STERLING Press, Volume XCI, Issue 27612, 19 March 1955, Page 9
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