MR. COATES APPROVES
(Press. Assn.-
THE MONETARY POLICY
— By Telegraph — Copyright).
Rec. Aug. 14, 5.0 p.m. OTTAWA, aturday. Mr. J. G. Coates, commenting on the currency report, stated that it was a valuable contribution embodying the pronouncement by Mr. Neville Chamberlain, which was of even greater significance than it at first appeared. Although eautiously guarded in expression, it definitely accepted the raising of prices as the object of Great Britain's monetary policy. Nothing copld be more valuable to New Zealand producers. Discussions regarding this report had convinced him that action will be taken to ensure the revival of prices. There is nothing in the report prejudicing the New Zealand buyers or regulating monetary affairs. "I welcome Mr. Chamberlain's deelaration as marking a milestone in Imperial co-operation and turning away the disastrous deflationary policy or drift of the past two years," said Mr. Coates.
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Bibliographic details
Rotorua Morning Post, Volume 2, Issue 301, 15 August 1932, Page 5
Word Count
143MR. COATES APPROVES Rotorua Morning Post, Volume 2, Issue 301, 15 August 1932, Page 5
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