NATION PLEASED
(Press Assn.-
evidence of recovery of financial stability CONFILIENCE IN STERLING
— By Telegraph — Cop;yrIght.)
Rec. Mar. 3, 11 p.m. LONDON, Thursday. The announcement regarding debt repayments and exchange dealings qf thq Chancellor of the Exchequer, Mr. Neville Chamberlain, in the House of Commons, has created great satisfaction throughout the country, and is rpg:arcled as a striking indicatipp qf the manner in which Ci'eat Britain is recovering her financial stability. The stock markets are buoyant, and the scenes in Thromorton Street are reminiscent of the boom days. Hopes are expressed of a further reduction in the bank rate. Ae regards exchange dealings, Ministers think that there is now no danger of the people becoming nervous about the prospects of sterling. There is evitjence of a good deal of nervousness in spmp gold standard cquntries., about their qym currency. On the other hand, tB.e unanimous Gonfidence in sterling is, remarkable. This is .attributed to trie fact that jjreat B^-jtain is almo^t the only bpuptry to succeed in Balancing her Budget.
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Bibliographic details
Rotorua Morning Post, Volume 1, Issue 164, 4 March 1932, Page 5
Word Count
170NATION PLEASED Rotorua Morning Post, Volume 1, Issue 164, 4 March 1932, Page 5
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