SANCTITY OF CONTRACT.
Sir —in your issue of Wednesday Mr. J D. McMillan supports his very grave allegation, that the Bank of England has been guilty of breach of c Oj£iact in the following words: — As I unde > it the Bank of England accepted foreign trade balances payable m goldon d - mand. ... On September AO the Bank ceased to meet its obligation.'! m gold, thereby breaking a promise He then expresses the hope that I will show him that he is wrong. I will reply by saying that I am a man who never enters upon newspaper correspondence unless I see that a flagrant injustice is being perpetrated. I will further say that it is not for mo or any other man to show that Mr. McMillan is wrong—it is for him to prove without delay that his very grave allegation is true. Mr. McMillan has. in effect, stated that the Bank of England has refused to meet its gold liabilities—he must., in honour, substantiate this statement without delay, or retract it. The writer reiterates that the Bank of England has met its gold liabilities in gold in full and challenges Mr. McMillan to prove the contrary. Inquirer.
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Bibliographic details
New Zealand Herald, Volume LXIX, Issue 21118, 27 February 1932, Page 14
Word Count
198SANCTITY OF CONTRACT. New Zealand Herald, Volume LXIX, Issue 21118, 27 February 1932, Page 14
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