ADVERSE VERDICT
BY BANK OF ENGLAND DIRECTORS. (United Prßsa Association—By Electric Telegraph—Copyright). LONDON, July 11. The “Daily Herald’s” City Editor says—The Directors of the Bank of England, after discussion at . their recent meeting, decided against the policy of general wage cuts, in view of the effect of that policy tin the people’s purchasing power. They suggested that restrictions should be placed on employers, and that so doing would accelerate industrial reorganisation. .
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Hokitika Guardian, 13 July 1931, Page 3
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71ADVERSE VERDICT Hokitika Guardian, 13 July 1931, Page 3
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