Can Be No Dogmatic Views—Chifley
The Prime Minister, Mr. Chifley, has received a report from Treas-: ury officials of the affects of any changes in the value of sterling upon Australia's economy, says a Sydney cable. He told Ministers that "there can be no dogmatic views about the wisdom of alterations in the exchange rate." . Mr. Chifley is in the closest confidence of Sir Stafford Cripps, who has told Australia repeatedly that devaluation would be resiste^. ±he-. Ministers are still hoping that cur-
| rency changes will be avoided before the Federal elections. Treasury officials do not expect that Britain will devalue sterling without consultations with Norway, Denmark and the Netherlands. It is understood that Mr. Chifley has sought reports from Australian officials in Wellington on the effect of the recent currency changes which bfought*New Zealand currency to a par with BriI tain.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHRONL19490916.2.23.2
Bibliographic details
Chronicle (Levin), 16 September 1949, Page 5
Word Count
142Can Be No Dogmatic Views—Chifley Chronicle (Levin), 16 September 1949, Page 5
Using This Item
NZME is the copyright owner for the Chronicle (Levin). 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