NEW ZEALAND CREDIT
LONDON WRITER’S COMMENT. SIGNS OF ACCUMULATIVE STRAIN. By Telegraph—Press Association —Copyright (Received This Day, 10.15 a.m.) LONDON, February 7.
The city editor of “The Times,” commenting upon the New Zealand Reserve Bank's statistical summary, showing a deterioration of the bank’s position since 1936. especially in 1938, says it shows all the signs of an accumulative strain upon the credit capacity of the Dominion. He adds: “Exchange control alone will not solve the fundamental economic equilibrium, although it may provide a breathing space for remedial measures.”
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Wairarapa Times-Age, 8 February 1939, Page 5
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88NEW ZEALAND CREDIT Wairarapa Times-Age, 8 February 1939, Page 5
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