INTERNATIONAL FINANCE
EXCHANGE EQUALISATION I Fund Requires £200,000,000 Press Association—Copyright. London, June 25. Sir John Simon, Chancellor of the Exchequer, asked the House of ComI mons to-day for authority to increase I the exchange equalisation fund by | £200,000,000. Sir John deferred th I full explanation until the debate. In addition to the recent 'dishoarding of gold there had been much financial disturbance abreed, said Sir John. The tendency of capital funds was to move to London. While he considered there was no reason why the present conditions of unsettlement of capital should be ptrmanent, the situation compelled Britain to make further provision as an insurance against further movements into -sterling. This- was essential to maintain the general financial policy and support Britain’s undertakings and objectives under the tripartite monetary agreement, which was so widely approved.
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Taranaki Central Press, Volume V, Issue 457, 26 June 1937, Page 2
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135INTERNATIONAL FINANCE Taranaki Central Press, Volume V, Issue 457, 26 June 1937, Page 2
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