Taxation
Sir.—Originally paper currency issues in Britain were balanced by an equivalent amount of gold, enabling the Bank of England to meet its pledge of "paying on demand." The “paper money” referred to by John Reid (May 20) was issued as invasion money, to be used by the troops as a gesture to colour the conflict and negate looting. In France at that time were three separate currency issues, the original legal Bank of France, the Vichy Government issue, and the German occupation forces issue, counterpart of our invasion currency. The fourth currency was issued by the Allied Military Government’s combined military and naval organisation “Comno” to all those personnel going into all those countries liberated by the allies. How was it redeemed? Perhaps by the sale of the massive scrapheaps of war machinery left behind. — Yours, etc..
R’. W. H. WADE. May 23, .1981.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19810527.2.151.9
Bibliographic details
Press, 27 May 1981, Page 22
Word Count
145Taxation Press, 27 May 1981, Page 22
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.