FALL IN STERLING
(To the Editor.) Sir, —I think it would be as well, if I first stated- that I do not pretend: to understand the mysteries of. exchange, but am writing this letter in search of information. When tho New Zealand Government devalued the, New Zealand pound by 25 per cent, in relation to sterling, the Press, including "The Post," stated that this was pot justified because it was a deliberate move to help the farmer at the expense of the people; while, when tho British Government deserted gold, it was forced to do so. The British Government is now deliberately devaluing the pound in relation to tho dollar and, presumably, the farmer in England will suffer to aid the exporters. Now, does this action of the British Government justify the action of the New Zealand Government in retrospect or. is it equally blameworthy?—l am, etc., ' ; -.■■■; :.' CUEIA. -• [The statement that tho .pound being deliberately devalued was made only by one London paper, the "People." Until there .is. confirmatory or official evidence it would be hasty to assume this statement to be correct as later news gives a different explanation.—Ed.] .'■.,..
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Bibliographic details
Evening Post, Volume CXVIII, Issue 51, 29 August 1934, Page 8
Word Count
190FALL IN STERLING Evening Post, Volume CXVIII, Issue 51, 29 August 1934, Page 8
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