MIDDLE COURSE
BRITISH CURRENCY POLICY HELP FOR GOLD COUNTRIES NO DELIBERATE DEPRECIATION By Telegraph--Press Association—Copyright) Received July 12, 10.5 p.m. LONDON, July 12. 'flic Daily Telegraph’s city editor says that banking circles interpret Mr. Uhamberlain’s declaration on Monday to mean that the Treasury has decided that the pound will not be deliberately depreciated. In other words, the Treasury is not contemplating currency warfare, but is shaping a middle course towards helping the gold countries to hold the fort until Mr. Roosevelt makes up his mind. It is certain that tho gdld countries have been greatly assisted by such a declaration of policy. The franc, on Tuesday, was a trifle firmer.
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Bibliographic details
Wanganui Chronicle, Volume 76, Issue 163, 13 July 1933, Page 5
Word Count
110MIDDLE COURSE Wanganui Chronicle, Volume 76, Issue 163, 13 July 1933, Page 5
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