FOLLOWING THE DOLLAR.
BRITISH CURRENCY POLICY. GOLD BOOM INTENSIFIED. CONTINUED DEPRECIATION. LONDON, August 28. The “Daily Mail’s” City Editor commenting on the feverish dealings in gold shares, considers that the policy of the authorities is to allow sterling to follow the dollar, not the franc. If the dollar continues- to depreciate, sterling will probably follow, intensifying the gold boom. Moreover, sterling normally tends to depreciate in the autumn owing to commercial requirements. CREDITS IN U.S.A. HELP FOR CODED FIRMS. NEW YORK, August '2B. At his New York home at Hyde Park, President Roosevelt on Monday directed the Reconstruction Finance Corporation to establish a medium for quick and temporary credit to member firms of N.R.A. to span them over the period between increased overhead and later returns.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WAG19330830.2.49
Bibliographic details
Wairarapa Age, 30 August 1933, Page 5
Word Count
126FOLLOWING THE DOLLAR. Wairarapa Age, 30 August 1933, Page 5
Using This Item
National Media Ltd is the copyright owner for the Wairarapa Age. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of National Media Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.