EXCHANGE QUESTION
GOVERNMENT ANXIETY DENIED.
NOT CONCERNED IN SLIGHTEST.
I Per Press Association Copyright ./
WELLINGTON, April 7.
Messrs Forbes and Coates both made denials to-day of statements that the Government has been concerned, after receiving the first quarter’s returns from the banks, over the amount;* which will have to bo found for the exchange indemnity by the end of the year. . -
Mr Coates declared if could be stated quite definitely that neither he nor the 'Government was concerned in (the slightest. There was no truth whatever in the statement that the indications already were that 'the Government would be embarrassed in finding sufficient to indemnify the banks ori account of the exchange surpluses at the end of the year. Mr Coates said it would be entirely misleading to accept the first quaw ter’s figures as a true indication of the year’s working. The Government did not anticipate having to find more on account of the indemnity than at first thought.
Mr Forbes remarked; “We will see it through all right.” He added that there was nothing abnormal In the figures to date, and nothing to indicate that the position at the end of the year would be otherwise than predicted.
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Hokitika Guardian, 8 April 1933, Page 5
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200EXCHANGE QUESTION Hokitika Guardian, 8 April 1933, Page 5
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