Stock Exchange Jitters
Sir,—l thank “Remember 1929.” I have not forgotten 1929. nor the ensuing "slump” either. In those days there was a general alarm felt as a result of changes in the bank rate, crises in Stock Exchanges at home and abroad, sensational revelations of financial manipulations. and the collapse of the pound made it imperative for me to take an interest in monetary questions hitherto regarded as beyond my province. Since 1929, the Stock Exchange has immensely improved and social security somewhat blunts the effects of these recurring crises. -So it is up to workers to take an interest in monetary questions. This is a task for consideration of the Minister of Education, not me. Mr Nash has vague ideas of a prosperous Commonwealth. He is merely guessing. Citizens are now alert to political nonsense.—Yours, etc., RALPH S. WHEELER. Timaru, June 20, 1962.
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Bibliographic details
Press, Volume CI, Issue 29854, 21 June 1962, Page 8
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145Stock Exchange Jitters Press, Volume CI, Issue 29854, 21 June 1962, Page 8
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