MR. PENNIKET’S VIEWS.
(To the Editor.) Sir,-: —This candidate criticised the Government “for raising the exchange rate which has resulted in an accumulation of sterling in London which'should be utilised for buying British goods.” This shows a lamentable lack of knowledge upon quite an elementary fact. Such a statement is misleading and should be corrected. The sterling fund in paid out here when the produce is sold. The farmers have had this money already. Mr. Penniket is apparently a greedy man: he wants to both eat and have his cake! His views on the Reserve Bank also display a complete ignorance of the transaction. He should stick to facts and not talk fiction.—l am, etc., SPECTATOR.
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Bibliographic details
King Country Chronicle, Volume XXIX, Issue 4745, 12 September 1935, Page 5
Word Count
116MR. PENNIKET’S VIEWS. King Country Chronicle, Volume XXIX, Issue 4745, 12 September 1935, Page 5
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