INTEREST RATES
("Post" Special Commissioner) .
DECISION OF tABli^ET TO MAKE REDUCTlbN REPOkTED PROBAfeLY TWENTY PER CENT.
, WELLINGTON) Wednesday. It uhd'erfetbbd thht ohfe of fhe first mattbrs dealt with By CiBittet to-day Was thfe question df a redtictiori of interest rates and Srdlits: * Although no de'finite announcemerit has: been made it is gathered that Cabinet has Scgre'ed that a statutory reduction must Be made. The redtictiori, its is beiieved, will be in the yicinity of 20 per cent. and - a Bill giving • *' effect to the proposal will probahly set out the method under which the reduction will be put into effect. Cabinet, it is beiieved, took up the attitude that it woulJ not Be equitaBle to reduce otKer fixed charges, such as wages, wifhoiit reducing interest rates.
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Bibliographic details
Rotorua Morning Post, Volume 1, Issue 186, 31 March 1932, Page 5
Word Count
126INTEREST RATES Rotorua Morning Post, Volume 1, Issue 186, 31 March 1932, Page 5
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