FALL IN STERLING
No Hope of Early Stabilisation of the Pound
CHANCELLOR’S STATEMENT
QUESTIONS IN COMMONS
(British Official Wireless) Received 1.45 p.m. to-day
RUGBY, Feb. 28. Questioned in the House of Commons in regard to the high price of gold bullion, indicating- a fall in the value of the paper, pound, and asked whether the Government proposed to take any steps to arrest a. further fall, the Chancellor .of the Exchequer, Mr. Neville Chamberlain, said he was aware of the fall in the external value of sterling, which was a different thing from the internal purchasing power, of the pound. \ . In regard to the second part of the question, he could not undertake to publish such information.for reasons of public polic-y. Further asked if he could hold out any hope of an early stabilisation of the nouncl, the Chancellor replied, “No sir.” .... V; v'":-’- tv
Later, the Speaker refused a motion for an adjournment in order to debate the question of the fall in the paper pound, but said the subject could be raised on Monday.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HAWST19350301.2.77
Bibliographic details
Hawera Star, Volume LIV, 1 March 1935, Page 7
Word Count
176FALL IN STERLING Hawera Star, Volume LIV, 1 March 1935, Page 7
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