EXCHANGE RATE TO STAY
MR. COATES DENIES RUMOURS. APPEAL MADE TO PEOPLE. By Telegraph—Press Association. Wellington, Last Night. An emphatic denial of rumours tjiat a fall in rates of exchange was imminent was given by the Rt. Hon. J. G. Coates in an interview to-night. These rumours were entirely without foundation, said Mr. Coates. It was necessary to warn the public that in some instances at least such rumours had been circulated for interested purposes. The conditions that had necessitated the raising of the exchange had not improved, World prices showing a further decline in recent weeks, though there had been some definite signs of improvement. It was important that business should not be hampered by uncertainty. He therefore asked all interests to take the situation as they found it and assist, by ignoring unconfirmed reports.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TDN19330526.2.85
Bibliographic details
Taranaki Daily News, 26 May 1933, Page 7
Word Count
136EXCHANGE RATE TO STAY Taranaki Daily News, 26 May 1933, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.