RED STAR LINERS
PURCHASE BY GERMANS FINANCIAL DIFFICULTY (Received February 8, 5.5 p.m.) LONDON, Feb. 7 In the House of Commons to-day the Chancellor of the Exchequer, Mr. Neville Chamberlain, in answer to further questions relating to the Red Star Line, said that in accordance with common practice involving the transfer of money abroad, the request for leave to sell the line to German buyers had been referred to the Bank of England. It would not be fair to suggest that his objection was based chiefly on the foreign exchange problem. The President of the Board of Trade, Mr. Walter Runciman, questioned on the same subject, said he was not empowered to prevent the liners being transferred to Germany.
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Bibliographic details
New Zealand Herald, Volume LXXII, Issue 22030, 9 February 1935, Page 13
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119RED STAR LINERS New Zealand Herald, Volume LXXII, Issue 22030, 9 February 1935, Page 13
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