NO NEED FOR GOLD.
PROFESSOR'S SUGGESTION. Electric Telegraph —Press Association CHRISTCHURCH. This Day. Replying to a question asked at a meeting of the Canterbury branch of the Economics Society whether the Government should export £4.500.000 gold reserve held by the Central Reserve Bank. Professor Looker stated that there could he no possible need for geld within New Zealand whereas if it was exported, it could be sold at a useful profit The funds realised ui this - way could be held in London and added to our reserves there. The gold would be changed into the sterling form in which wo needed it and it would* be available in London for ov e r seas p a ymen ts.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/PAHH19340914.2.40
Bibliographic details
Pahiatua Herald, Volume XLII, Issue 12750, 14 September 1934, Page 6
Word Count
118NO NEED FOR GOLD. Pahiatua Herald, Volume XLII, Issue 12750, 14 September 1934, Page 6
Using This Item
NZME is the copyright owner for the Pahiatua Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). 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.
Log in