NEW YORK IS CALM!
Received Friday, 7.30 p.m. XEW YORK, August 19. The morning newspapers here give ; prominence to the Xew Zealand cur rencv revaluation with two leading papers devoting aimost a column to Mr. Xash's statement. The New Y'ork Times savs New Zea- ' land's retiirn to parity -witli the British i pound had little effect in X"ew York yosteday. "The banks here have only ; small balances in New Zealand. When : there is need to settle accounts the business is conducted through the banks' correspon,deiits in London. "v Tlie -rate 011 the New Zealand pound which had been about 3.24] dollai's wa« adjusted yesterday to 4.03 dollars— the same as the British pound.
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Chronicle (Levin), 21 August 1948, Page 5
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113NEW YORK IS CALM! Chronicle (Levin), 21 August 1948, Page 5
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