BRITISH “CHEAP MONEY” POLICY
INCREASE IN GOVERNMENT SECURITIES LONDON, February 17. The Bank of England return shows a significant change. Bank deposits have risen by more than £3,000,000 and Government securities in the banking department have risen by £4,590,000, suggesting that the authorities are seeking to make money even cheaper by purchasing securities from the market.
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Southland Times, Issue 23438, 19 February 1938, Page 8
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56BRITISH “CHEAP MONEY” POLICY Southland Times, Issue 23438, 19 February 1938, Page 8
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