HAS CRISIS PASSED
LONDON PRESS VIEWS OF POSITION SHOW OPTIMISM REDUCTION OF BANK RATE 'LONDON, Suhday. The Sunday newspapers optimistiqally comment that the bank rate reduction is an indication ihat the erisis .has passed. . ... The "Obserygr", , a,dyocates, a further reductiqn of 1 per cent. to encourage industrial -enterprise. The "Sunday- Times" Says the 1 ank rate will have to fall further before 9 big cpnvc-rsipn wai' loan is possible. Ktbe ineem.e fax is lowered tbe prospects of successful conversion will be greatly improved.
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Bibliographic details
Rotorua Morning Post, Volume 1, Issue 155, 23 February 1932, Page 5
Word Count
83HAS CRISIS PASSED Rotorua Morning Post, Volume 1, Issue 155, 23 February 1932, Page 5
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