STERLING’S FALL
CHANCELLOR’S STATEMENT
[BY CABLE PRESS ASSN. COPYRIGHT.]
(Recd. October 28, 2.30 p.m.) LONDON. October 27
Asked whether in view of the sudden fall in value of the pound, he proposed to take steps to restore its value, Mr Chamberlain said he saw no reason to reconsider his announcement at Ottawa.
“We do not see any prospect of a speedy return to the gold standard, nor are we prepared, at present, to say at what parity such return should be effected if and when it takes place,” he said.
WALL STREET QUOTATIONS
NEW YORK, October 27
British currencies continued to decline on foreign exchanges. The Canadian dollar declined seven-sixteenths to 90 1-8. The pound declined a quarter of a cent, to 327 3-4.
CONVERSION LOAN
LONDON, October 27
Tn the Commons, Mr. Chamberlain in answer to a question, said the brokerage paid to stockbrokers, solicitors and others over the war loan conversion would be somewhat under four million.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GEST19321028.2.14
Bibliographic details
Greymouth Evening Star, 28 October 1932, Page 2
Word Count
159STERLING’S FALL Greymouth Evening Star, 28 October 1932, Page 2
Using This Item
The Greymouth Evening Star Co Ltd is the copyright owner for the Greymouth Evening Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in