PRICE OF MONEY
’ DANGER OF DEPRESSION Received May 29, 10.50 p.m. MELBOURNE, May 29. Addressing the annual meeting of the National Bank, Sir James Elder, chairman, claimed that the recent efforts to depress artificially the price of money was both harmful to stability and recovery. He added that there was a e point in the rate of interest below . which it would be highly imprudent to s go, and that stage appeared to have • been reached, for signs were not want- ’ ing that some of the smaller and more permanent owners of money deposited at interest, were inclined to embark their savings in what might be less secure investments in order to secure a higher return on their capital.
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Bibliographic details
Wanganui Chronicle, Volume 79, Issue 126, 30 May 1935, Page 7
Word Count
119PRICE OF MONEY Wanganui Chronicle, Volume 79, Issue 126, 30 May 1935, Page 7
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