MONETARY CONTROL
AIMS OF BRITISH POLICY. RUGBY, .Tune 17. Recalling that the French Government had stated that it was not its policy to devalue the franc, aXd recusing therefore to reply to a House of Commons question on that hypothesis, the Chancellor of the Exchequer took an opportunity to deal with what, he described as a “misapprehension” current in some quarters. “Our monetary policy,” said Mr. Chamberlain, “has never been governed by any desire to obtain competitive trade advantages. The exchange Equalisation Account plays the part only of smoothing out unnecessary fluctuations.”—(British Official Wireless).
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Wairarapa Age, 19 June 1936, Page 2
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94MONETARY CONTROL Wairarapa Age, 19 June 1936, Page 2
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