FOREIGN CAPITAL
INFLOW TO AMERICA VIEWS OF THE TREASURER WASHINGTON, Sept. 15 The Secretary of the Treasury, Mr. Henry Morgenthau, stated to-day that there is no reason for alarm about the inflow of foreign capital to the United States, due to the European situation. "If people want to send money here as a haven of refuge," he said, "we will keep it hero and take good care of it. It would not be so pleasant if money were moving the other way. 1 would classify the inflow as a 'pleasant worry.' The stability of the dollar proves to the world that the United States is the finanacial centre of the world and can resist the kind of nervousness about money that people now arc ing"The United States is helping other Governments to defend their own currency with their own money. Under the tripartite agreement, daily settlements are made in connection with stabilisation activities "
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Bibliographic details
New Zealand Herald, Volume LXXV, Issue 23145, 17 September 1938, Page 16
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153FOREIGN CAPITAL New Zealand Herald, Volume LXXV, Issue 23145, 17 September 1938, Page 16
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