GOLD HOLDINGS
RESERVE BANK
REVALUATION NOT
CONSIDERED
"The Government has never thought of it, not even for two minutes," said the Prime Minister (the Rt. Hon. M. J. Savage) in an interview last night, when asked to comment upon a suggestion emanating from Auckland that revaluation of the Reserve Bank gold holding of £2,800,000 was expected during the next few months.
"We have never even considered it," Mr. Savage added. "It might be expedient in some circumstances and, of course, it was done in England, but we have not thought about it. We have much more important things to do."
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19390719.2.116
Bibliographic details
Evening Post, Volume CXXVIII, Issue 16, 19 July 1939, Page 12
Word Count
100GOLD HOLDINGS Evening Post, Volume CXXVIII, Issue 16, 19 July 1939, Page 12
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