A PUZZLING BUSINESS.
DEPRECIATION OF POUND. FRANK STATEMENT ASKED FOR. (By Telegraph.—Press Association,) AUCKLAND, Thursday. Addressing the annual meeting of the Chamber of Commerce the retiring president, Mr Malcolm Stewart, said the depreciation of the New Zealand pound compared with the British pound to the extent of 10 per cent was puzzling the business community, and a frank statement by the Associated Banks would be welcomed. The view was commonly held that New Zealand funds In London are being transferred to the credit of Australia. If such was the case our banking system needed review.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WT19310219.2.65
Bibliographic details
Waikato Times, Volume 109, Issue 18257, 19 February 1931, Page 8
Word Count
95A PUZZLING BUSINESS. Waikato Times, Volume 109, Issue 18257, 19 February 1931, Page 8
Using This Item
Stuff Ltd is the copyright owner for the Waikato Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.