STERLING DEVALUATION

Otago Daily Times, Issue 27259, 9 December 1949, Page 3

STERLING DEVALUATION

INDICTMENT BY BRITISH HOUSEWIVES' LEAGUE

A qopy of the following statement has been sent to 69 members of the Conservative Party who voted against the Anglo-American Financial Agreements in 1945. and to about 25 newspaDers:— Whereas the devaluation of the pound sterling will mean that —(1) Great Britain, which “won the war,” will be drained of real wealth and valuable manufactured goods, receiving fewer and fewer dollars in return, while the prices of raw materials will rise steadily; (2) We shall all be compelled to work harder and harder for a lower standard of living, with nothing better to look forward to; dearer bread, less food, less clothing and fewer houses; (3) Prices and taxes will rise, thus giving a handle to Communist conspirators to arouse sedition; (4) American investors will take a leading hand in the development of our colonial assets, tantamount to buying out the British Empire; (5) Should war follow, we may be too weakened to resist, On these heads and others, we accuse those responsible of high treason against the sovereign people of Great Britain.—Housewives Today (a journal supporting the policy of the British Housewives’ League).