EXCHANGE RATE
■Press. Assn
I BANK ACTION IMMEDIATELY I EXISTING POOL IS 1 DISSOLVED
. — By Telegraph — Copyright).
8 Rec. June 16, 12.50 a.m. 1 LONDON, Thursday. 9 A Sun report says informed quarHrs in London consider it certain that ye Bank of New South Wales will ®he independent action to raise the ■n-e directly the New Zealand exwange pool is dissolved. This mighf wmpel other hanks to follow. 9Tt ^ thought likely that normal Barket eonditions do not justify a ®rces will quickly lead to reaction as B'gher rate than that at present quot9p and representations Will be made W the Prime Minister of New ZeaBnd, Rt. Ilon. G. W. Forbes, to take ®rther Government action to prevent B r'se in the exchange before the W^Perial Economic Conference at OtSwa.
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Bibliographic details
Rotorua Morning Post, Volume 2, Issue 253, 17 June 1932, Page 5
Word Count
129EXCHANGE RATE Rotorua Morning Post, Volume 2, Issue 253, 17 June 1932, Page 5
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