BRITISH TRADE
3.15 P.I. EDITION
CRISIS PASSED. SUNDAY PAPERS OPTIMISTIC. (United' Press Association.—By Electric Telegraph.—Copyright.) Received February 22. 9.40 a.m. , LONDON, Feb. 21. The Sunday newspapers optimistically comment that the reduction of the bank rate is an indication that the crisis has passed. , The. Observer advocates a further reduction of one per cent, in order to encourage industrial enterprise. The Sunday Times says: “The bank rate will have to fall further before a big conversion of the war loan is possible. If the income tax is lowered the prospects for a successful conversion will be’greatly, improved.”
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/MS19320222.2.88
Bibliographic details
Manawatu Standard, Volume LII, Issue 70, 22 February 1932, Page 8
Word Count
96BRITISH TRADE Manawatu Standard, Volume LII, Issue 70, 22 February 1932, Page 8
Using This Item
Stuff Ltd is the copyright owner for the Manawatu Standard. 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