ARMS AND TAXATION
♦ INDUSTRIAL SHARES REVIVE IN LONDON. LITTLE EFFECT ON MONEY MARKET. By Telegraph—Press Association—Copyright. (Received This Day. 11.45 a.m.) • LONDON, February 24. The decision pf the Chancellor of the Exchequer (Sir John Simon.) to meet two-thirds of the year's rearmament expenditure by borrowing, estimated at £350.000.000. the expenditure to be met from taxation thus falling by forty millions on last, and his broad hint that taxation would not be increased," were warmly welcomed in the City, industrial shares being adjusted in an upward direction over a wide range, and the inevitable softening, of gilt-edged securities being confined to narrow limits. The immediate effect of Sir J. Simon’s statement on the money market has been neglible, with no pressure on sterling in a quiet foreign exchange market.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/WAITA19390225.2.88
Bibliographic details
Ngā taipitopito pukapuka
Wairarapa Times-Age, 25 February 1939, Page 6
Word count
Tapeke kupu
128ARMS AND TAXATION Wairarapa Times-Age, 25 February 1939, Page 6
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Wairarapa Times-Age. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in