NEW ZEALAND’S POUND
PUZZLING DEPRECIATION
(By Telegrapn—Press Association,} AUCKLAND, Feb. 19. Addressing the Chamber of merce’s annual meeting the retiring president (Mr. Malcolm Stewart) said the depreciation of the New Zealand pound compared with the British pound to the extent of 10. per cent, was puzzling the community and a frank statement by the Associated Banks would be welcomed. The view was commonly held that New Zealand funds in London were being transferred to the credit of Australia; if j such was the case our banking system needed review.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HAWST19310219.2.80
Bibliographic details
Hawera Star, Volume L, 19 February 1931, Page 9
Word Count
89NEW ZEALAND’S POUND Hawera Star, Volume L, 19 February 1931, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Hawera Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in