Devaluation
Sir, —“Disillusioned Nationalist” is “wrong”—and confused too. If advantages in Australian trade are only slight the Government is right, but there are indications that they will be very significant. Your correspondent’s excuse for the British Government’s failures would not go down with the British public at the moment. The resignation of Mr Callaghan suggests that Labour there are following Labour’s example here of making their Finance Minister the “scapegoat” for their own ineptitude. Is your correspondent, in referring to farm mortgage relief by the first Labour Government, trying to suggest that the Government stood the loss? 1 wonder if he knows that it was the mortgagor who, after having sold at an agreed price, had to stand the loss and that many farmers when their mortgages were reduced promptly bought motor cars! —Yours, etc., ONCE BITTEN. December 2, 1967.
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Bibliographic details
Press, Volume CVII, Issue 31543, 4 December 1967, Page 12
Word Count
140Devaluation Press, Volume CVII, Issue 31543, 4 December 1967, Page 12
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