Serious?
Opinion of New Zealand’s Finance LONDON INVESTORS - WARNED TO GET OUT United Press Association—By Electric Telegraph—Copyright. Received Sunday, 9.50 p.m. LONDON, May 22. The News-Chronicle says that a feature of the week’s Dominion stocks has been the strength of Australians owing to the dismissal of Mr. Lang and tho publication cf favourable trade returns. Buyers of Australians arc now seeking the highest yields, and these are given, by New South Wales 4 per cents., redeemable in 1933, and 3 per cents., redeemable in 1935. The paper recommends holders of • New Zealands to consider a partial change into Australians, as the Economic Committee’s report shows New Zealand’s position to be serious, with a strong temptation to devaluate the New Zealand pound.
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Bibliographic details
Manawatu Times, Volume LV, Issue 6865, 23 May 1932, Page 6
Word Count
121Serious? Manawatu Times, Volume LV, Issue 6865, 23 May 1932, Page 6
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