STOCK EXCHANGE REACTION
Peceivecl Thursday, 11.4S p.-m. " LONDON, August 19. The Btock Exchange." promptlv . marked up prices of- Australian as wel ( as New Zealand securities follovving Mr/ Nash's announeement that .New Zealand; currency had been appreciatedMa parity with sterling. The ;Stock (Exchango'iuniped to the facile eonclusion tliat the' New Zealand action was a preludq tq similar action by Australia, says Reuter's fmancial correspondent. lh fact, the New Zealand news came as a. surprise to leading Australians iu Lonfj dou and in British banking quarters it was . regarded as quite conjectural w'hether or not Australia would f oi low suit. It was 71 ot generallv tliought New Zealand would act 'independently of lioth Britain and Australia though tliorc was 110 quostioiL of challenging . her right to do so, in any London quarter
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Bibliographic details
Chronicle (Levin), 20 August 1948, Page 6
Word Count
131STOCK EXCHANGE REACTION Chronicle (Levin), 20 August 1948, Page 6
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