U.S. APPROVAL
LIRA DEVALUATION BY ITALY United Press Association—By Electric Telegraph—Copyright) WASHINGTON, October 6. Mr Cordell Hull, Secretary ot Estate, expressed approval of the action of France, Switzerland, and the Netherlands in devaluing their currencies, also lowering import duties as a “move towards rebuilding international commerce.” He said it showed that other counI tries recognised that the extreme restrictions imposed on the trade of the world created a common injury, and that they were ready to move toward rebuilding international commerce. The. only comment of the Secretary to the Treasury (Mr Henry Morgeuthau, jnu.) on stabilisation was that “everything seemed to be going extremely well.” Italy’s devaluation is welcomed by bankers and economists as a contribution to the general readjustment of parties preceding stabilisation and the revaluation of the lira. ITALIAN BOURSES REOPEN ROME, October 6. The Bourses will reopen to-morrow.
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Hokitika Guardian, 7 October 1936, Page 6
Word Count
141U.S. APPROVAL Hokitika Guardian, 7 October 1936, Page 6
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