STERLING FUNDS
(To the Editor.) Sir, —Professor T. Hytten, economic adviser to the Bank of New South Wales, is reported in your issue of November 23 to have said: "It is impossible to determine how far the fall in London funds has been due to heavy imports and how far it has been due to capital remittances." I desire to emphasise for the benefit of the New Zealand Primary and Ancillary Industries Producers' Council and any other persons giving publicity or expressing anxiety concerning •these funds that the desired information can be quite easily arrived at, and this should be done without further delay and corrective measures applied. I consider that it is already past the time when our present humane Government should make a statement concerning the financial position and j thereby allay the fears of the anxious and ease the publicity of their views which is so detrimental to the welfare of the Dominion.—l am, etc., EX-BANKER. "
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Evening Post, Volume CXXVI, Issue 128, 26 November 1938, Page 8
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159STERLING FUNDS Evening Post, Volume CXXVI, Issue 128, 26 November 1938, Page 8
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