MONEY TOO CHEAP
BANKER’S COMPLAINT. (Received May 29, at 8.50 p.m.) 'LONDON, May 29. Addressing the annual meeting of the National Banta, Sir James Elder, the Chairman, claimed that the recent efforts to depress, artificially the price of money were harmful both to stability and recovery. He added that there was a point in the rate of interest be low which it would be highly imprudent to go, and that stage appeared to have been reached, for signs were not wanting that some of the smaller and more permanent owners of money deposited at interest were inclined to embark their shavings in wihait might, be less secure investments in order to secure a higher return on their capital.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GRA19350530.2.45
Bibliographic details
Grey River Argus, 30 May 1935, Page 5
Word Count
118MONEY TOO CHEAP Grey River Argus, 30 May 1935, Page 5
Using This Item
Copyright undetermined – untraced rights owner. For advice on reproduction of material from this newspaper, please refer to the Copyright guide.
Log in