BRITAIN MUST BRING PRICES DOWN TO A COMPETITIVE LEVEL
OTTAWA, July 24 (Rec. 6.30 p.m.)—Solution of Britain’s dollar famine could not be solved by further loans from Canada and the United States, said Canada's Finance Minister, Mr Douglas Abbott, who has just returned from London, where he attended the Commonwealth Finance Ministers’ conference. Mr. Abbott said the big horizons in the Canadian market beckoned Britain if she could defeat what he considered her basic problem—bringing her prices down to competitive levels. He said that no further loan to Britain was contemplated. He added that Canada was not considering the devaluation of her dollar “because we have not been excluded from any post-war market because of our currency level.”
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WC19490725.2.32
Bibliographic details
Wanganui Chronicle, 25 July 1949, Page 5
Word Count
118BRITAIN MUST BRING PRICES DOWN TO A COMPETITIVE LEVEL Wanganui Chronicle, 25 July 1949, Page 5
Using This Item
NZME is the copyright owner for the Wanganui Chronicle. 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 NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in