THOUGHTS FOR THE TIMES
ARTIPICTALITV IX INTEREST RATES. “I consider that there is a great (leal ol artificiality in the fixation of interest rates,” said Professor H. Belsliaw, at a meeing of the Open Forum. He said that the return to the gold standard in 1923 had depressed British trade*, and the resulting pessimism had tightened credit, so that interest rates rose. The influence of such restrictions on credit had to be considered as well as those of supply and demand. “We have become accustomed to high rates of interest but that is no reason why they should be further upheld.” he concluded.
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Hokitika Guardian, 11 March 1931, Page 4
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103THOUGHTS FOR THE TIMES Hokitika Guardian, 11 March 1931, Page 4
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