DEAR MONEY IN SOUTH AFRICA
“WELL ABLE TO STAND SHOCK.” By Telegraph—Press Assn.—Copyright. Capetown, June 11. The governor of the Reserve Bank in his annual report said that the reason for comparatively dear money was tne dearth of credit. South Africa was borrowing too much from the banks and spent it on imports, when the values of primary products had received a setback. South Africa was better fitted at present to stand the shock than any other country owing to gold production.
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Taranaki Daily News, 13 June 1930, Page 10
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82DEAR MONEY IN SOUTH AFRICA Taranaki Daily News, 13 June 1930, Page 10
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