EQUALISATION FUND
HOW IT IS OPERATED MISAPPREHENSION REMOVED. ( British Official Wireless. ] RUGBY, June 17. • Recalling that the French Government had stated that it was not their policy to devalue the franc, and refusing therefore, to reply to a House of Commons question on that hypothesis, the Chancellor of Exchequer took the opportunity to deal with what be described as the “misapprehension” current in some quarters. Mr. Chamberlain said: “Our monetary policy 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.’’
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Bibliographic details
Wanganui Chronicle, Volume 79, Issue 144, 19 June 1936, Page 11
Word Count
96EQUALISATION FUND Wanganui Chronicle, Volume 79, Issue 144, 19 June 1936, Page 11
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