NEW ZEALAND

Feilding Star, Volume 9, Issue 3758, 29 June 1932, Page 3

NEW ZEALAND

CREDITS IX LONDON FAIRLY CONSIDERABLE BUYING Sydney, June 27. The financial writer in the Sun. discussing tlio future of New Zealand exchange, says:— “J\ appears doubtful whether the period of the pool will be extended, especially in view of the belief that the Bank of New South Wales favours its termination. . . in bunking circles it is slated that theue has been fairly considerable buying lately oi New Zealand credits in London, operators acting in anticipation ui an increase rate. A readjustment upward i.s calculated to impart a check to tlie activities oi British exporters to the Dominic... Should their exchange requirements decline substantially the probable result wolud be that a proportion of New Zealand credits in Loind.cC’ would he taken over by Australia.” interests, which on such dealing would reap material gains, then advantage being enhanced hv an v increase in the Australi.rjn-Lnndi >n rate t.hat ■cfr.ncl. rv-e while they are disposing of the ere dits so required.”