NEW ZEALAND STOCKS
SHARP FALL IN LONDON PUBLICITY GIVEN TO CABLES FROM ;THIS COUNTRYMARKETS GENERALLY QUIET BUT IRREGULAR. By Telegraph—Press Association—Copyright. (Received This Day, 9.45 a.m.) LONDON. July 3. The stock markets are quiet but irregular. As the result of publicity given to cables from New Zealand, reporting the development of a "black market” for New Zealand pounds, New Zealand bonds fell sharply, the declines ranging from 1 to 3 points. Banking circles, however, do not believe there is immediate danger of any default on commercial payment, but the situation generally is regarded as increasingly serious. BETTER TREATMENT? NO REPLY TO QUESTION IN COMMONS. (Received This Day, 9.25 a.m.) LONDON, July 3. In the House of Commons Captain H. F. C. Crookshank, Financial Secretary to the Treasury, said he was unable to add to the Chancellor’s answer regarding Mr W. Nash’s negotiations. Mr Ellis Smith (Labour) asked: "Is not most loyal New Zealand worthy of better treatment from the Government?” There was no reply.
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Wairarapa Times-Age, 4 July 1939, Page 5
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164NEW ZEALAND STOCKS Wairarapa Times-Age, 4 July 1939, Page 5
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