POLICY OF WAGE CUTS
BANK DIRECTORS’ VIEWS REDUCED PURCHASING POWER. LONDON, July 11. (Received July 12, at 8 p.m.) The Daily Herald’s city editor says that the directors of the Bank of England, after a discussion at a recent meeting, decided against the policy of general wage cuts in view of its effect on purchasing power. They suggested restrictions on employers and the acceleration of industrial reorganisation.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ODT19310713.2.60
Bibliographic details
Otago Daily Times, Issue 21385, 13 July 1931, Page 7
Word Count
67POLICY OF WAGE CUTS Otago Daily Times, Issue 21385, 13 July 1931, Page 7
Using This Item
Allied Press Ltd is the copyright owner for the Otago Daily Times. 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 Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in