RATE OF EXCHANGE.
NO IMMEDIATE REDUCTION. AWAITING FAVOURABLE TIME. <By Telegraph.—Press Association.) WELLINGTON, Tuesday. Reference to New Zealand’s large sterling balances was made to-day by an Interviewer, who asked the Prime Minister, Mr. Savage, li there were likely to be any variation in the rate of exchange. Mr. Savage replied that the question of a reduction would have to be faced, but it was a matter of deciding a favourable time. He added that no immediate action was contemplated.
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Waikato Times, Volume 121, Issue 20263, 4 August 1937, Page 7
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79RATE OF EXCHANGE. Waikato Times, Volume 121, Issue 20263, 4 August 1937, Page 7
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