CREDIT REPAYMENT
STRIKING INDICATION OF BRITAIN’S RECOVERY STOCK MARKETS BUOYANT HOPES OF REDUCED BANK RATE {United Press Association—By Electric Telegraph—Copyright) LONDON, 3rd March. Mr Neville Chamberlain’s announcement in the House of Commons of the repayment of the American credit created great satisfaction throughout the country, and is regarded as a striking indication of the manner in which Britain is recovering her financial stability. The stock markets are buoyant and the scenes in Throgmorton Street are reminiscent of the boom days. Hopes are expressed for a further reduction in the bank rate. As regards exchange dealings, Ministers think that there is now no danger of the people becoming nervous about the of sterling. There is evidence of a good deal of nervousness in some gold standard countries about their own currencies. On the other hand the universal confidence in sterling is remarkable. This is attributed to the fact that Britain is almost the only country to succeed in balancing her Budget.
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Nelson Evening Mail, Volume LXVI, 4 March 1932, Page 5
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160CREDIT REPAYMENT Nelson Evening Mail, Volume LXVI, 4 March 1932, Page 5
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