MONETARY POLICY
NO FIXED POUND-DOLLAR RELATIONSHIP RUMOURS DENIED IN U.S.A. NEW YORK. July 13. The “New York Times” Washington correspondent has been informed that a treasury official has definitely quashed two rumours affecting Anglo-Ameri-can monetary relations. First, he denied that • a monetary clause in the Anglo-American reciprocal arrangement providing a definite relationship between the dollar and the pound is contemplated. Secondly, he said that the report that the British authorities were permitting the pound to drop to a new low level in order to stabilise it at that poin was false and unfounded.
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Wairarapa Times-Age, 15 July 1938, Page 6
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93MONETARY POLICY Wairarapa Times-Age, 15 July 1938, Page 6
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