MONETARY POLICY
MISUNDERSTANDING CORRECTED (British Official Wireless I RUGBY, June 17. Recalling that the French Government had staterl that it was not its policy to devalue the franc and refusing, therefore, to nsply in the House of Commons to a question on that hypothesis, the Chancellor of the Exchequer (Mr Neville Chamber! din I took the opportunity to deal with what he described as a “ misapprehenftion ” current in some quarters. Mr Chamberlain said: “Our monetary policy newer has been governed by any desire to* obtain competitive trade advantages. The Exchange Equalisation Account plays the part only of smoothing out unnecessary fluctuations.”
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Otago Daily Times, Issue 22911, 19 June 1936, Page 13
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101MONETARY POLICY Otago Daily Times, Issue 22911, 19 June 1936, Page 13
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