POUND PEGGED TOO HIGH
OPINION OF LORD ROTHERMERE. “DEPRESSION NOT YET OVER.” By Telegraph—Press Assn.—Copyright Quebec, Oct. 14. The pound sterling had been pegged at too high a rate previously, and he did not think Great Britain would ever return to the par of 4.86 2-3, Lord Rothermere, the newspaper peer, stated in an interview before sailing home to-day. He said the world depression would not be over for some time, and in Great Britain it need not be expected to let up for another 12 or 18 months.
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Taranaki Daily News, 17 October 1931, Page 7
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89POUND PEGGED TOO HIGH Taranaki Daily News, 17 October 1931, Page 7
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