INFLATION OPPOSED
ATTITUDE OF ROOSEVELT ADMINISTRATION. United Pres* Association—By Electric Telegraph—Copyright (Received October 7. 8.5 p.m.) WASHINGTON. December 6 The United States Treasury Department to-day put to rest the rumours that the issue of flat money, or other currency inflation, would be employed in meeting the maturities of 727,000,000 dollars of Government securities, due on December 15. It was announced that the Government would meet its obligations through offering 850.000.000 one-year certificates of indebtedness, carrying 24 i>er cent interest, which is the highest the Government has paid since 1931 except during the March banking crisis. It was said at the Treasury that the deposits under the gold purchase plan, and a survey of the credit situation, showed that the certificates w'ould be attractive to purchasers and a heavy over subscription is expected.
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Timaru Herald, Volume CXXXVII, Issue 19667, 8 December 1933, Page 9
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132INFLATION OPPOSED Timaru Herald, Volume CXXXVII, Issue 19667, 8 December 1933, Page 9
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