FOREIGN INVESTORS
PRECAUTION IN AMERICA HUGE HOLDINGS OF STOCK British Wireless RTJGBY, Nov. 16 Much interest has been aroused in London by President Roosevelt's announcement that the Federal Reserve Board and the United States Treasury would study and, if possible, draft the necessary legislation to deal with the potential danger represented by huge holdings of American stocks by foreign investors and speculators. It'had been suggested that difficulties might become acute if foreign holders decided to dump their securities on the market. Mr. Roosevelt is reported to have remarked that in the past foreign currencies and gold reserves • had at times been seriously affected by concerted attacks made by private syndicates, instancing attacks on the currencies of France, Belgium and Holland in recent years, and even on the pound. The gentleman's agreement between the United States, Britain and France on conditional stabilisation, the President said, would make a direct attack on currencies difficult, but the element of danger to the stock market persisted.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19361117.2.98
Bibliographic details
New Zealand Herald, Volume LXXIII, Issue 22578, 17 November 1936, Page 9
Word Count
162FOREIGN INVESTORS New Zealand Herald, Volume LXXIII, Issue 22578, 17 November 1936, Page 9
Using This Item
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.