AN INJUSTICE OF THE MONETARY SYSTEM.
CAUSE OF LOSS TO HARBOUR BRIDGE CONSTRUCTORS. DEPRECIATION OF THE AUSTRALIAN POUND. (By Telegraph-Press Assn.-Copyright.) (Received TMs Day, 9.30 a.m.) LONDON, Dee. 201. Explaining the loss on the Sydney Harbour Bridge*'contract, the chairman of Donnan, Long and Company, Mr Charles Mitchell, pointed out that the Company had been paid in Australian pounds, which no one in 1924 could possibly have foreseen would have depreciated to 16s by 1931.
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Horowhenua Chronicle, 21 December 1932, Page 5
Word Count
74AN INJUSTICE OF THE MONETARY SYSTEM. Horowhenua Chronicle, 21 December 1932, Page 5
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