Financier Kills Rumour About Sterling
^ Received Thursflav, 7 p.m. ' LOXDON, May 25. Financial eiivles in Londun, which Iuivp been lnuch ilisturbed l»v persistont American ruitfours that the British Government proposes to devalue' sterling, have welcomed a statement on the quesrion by Mr. Winthrop W. Aldrich, • iiainnan of the C.'hase Xational Bank "i' Xew York, who is visiting London. \ddressing a gathering of the Pily ims ' Society, he said: ' ' In view of '■'•iiujient.s I have noted during the pasi fcw davs, I dissoeiate mvself from those Aniericans who may be advocaij'tg at this time the devaluation of rlit'g in relation to the American •lniia r. "It is entirely elear to me that a sohition of the problems of when Briiain's internal economy has reaeheu a babuiee and of the rates of exchange v. hii-h over a period of time can be oiaintained between sterling and the dnilar must and sliould be left to the '.■■ieriiiination of the British Government." According to reports from Xew YorK. *!ii» coniment has been widely featured " ?! the t'nited States, and has had ao i nicdiate etlect in quieting the Americaa rnmours about sterling devaluation. Mr. Aldrich is one of the best-knowa : u . ! itnet powerful financiers in t ti e I'nited States.
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Chronicle (Levin), 27 May 1949, Page 5
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205Financier Kills Rumour About Sterling Chronicle (Levin), 27 May 1949, Page 5
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