REDUCTION NECESSARY IN DOMINION.
PRIME MINISTER’S VIEWS. Wellington, Last Night. Reierring. to the reduction in the Bank rate of interest, Mr Massey said: “Needless to say, I was very pleased to see it. I think it a very fine thing for the whole Dominions, and under the existing circumstances, more particularly perhaps for New Zealand, because it means that money is plentiful in England and is gradually getting cheaper, and as money becomes more plentiful, so will trade improve along with the purchasing power of the people, who are our best customers. I hope the time will soon come when we shall find a reduction in the rate of interest in this country. Local bodies, fanners and business men ail want cheap money. The sooner it comes along the Better.”
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Shannon News, 20 June 1922, Page 3
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130REDUCTION NECESSARY IN DOMINION. Shannon News, 20 June 1922, Page 3
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