AUSTRALIAN IN U.S.A.
MINISTER’S IMPRESSIONS
CONTROL OF FINANCE
WASHINGTON, July 3.
The Australian Minister, Mr R. G. Casey, told the Australian Associated Press agency that he was particularly interested in the operations of the stablisation account, open market operations and other developments in the machinery for implementing monetary policy, which had made great strides forward since the depression. Tlie United States was perhaps ahead in these matters, he said. For example, interest rates as well ns external' exchange rates and other financial operations were subject to control by the Government.
.icieiTnig to gold, Mr Casey said: “I think there is nothing like as much preoccupation'with the gold question in New York as there was in London when I left there. The new funds placed at the disposal of the British fund must have calmed the business world.”
His general impression of conditions in the United States was that the country was set for a period to continue trade expansion, provided she was able to steer clear of important labour troubles.
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Manawatu Standard, Volume LVII, Issue 183, 5 July 1937, Page 7
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170AUSTRALIAN IN U.S.A. Manawatu Standard, Volume LVII, Issue 183, 5 July 1937, Page 7
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