STABILISATION FUND
PROFIT OF 22,000,000 DOLLARS FISCAL EXPERTS’ ACHIEVEMENT MR ROOSEVELT’S TRIBUTE (United Press Assn. —Elec. Tel. Copyright) (Received March 15, 3.15 p.m.) WASHINGTON, March 14 President Roosevelt said today that the Government’s profit of 22,000,000 dollars from the 2,000,000,000 dollars stabilisation fund is an outstanding achievement for the fiscal experts, who have been described as amateurs by certain columnists. The fund was created when the dollar fell in 1934, and accomplished a great deal in stabilising world trade, both prior to and subsequent to the outbreak of the war. Mr H. Morgenthau revealed the profit in a report to Congress yesterday. Mr Roosevelt said: “Some columnists have written perfectly terrible bedtime stories about this fund, intimating that it was being depleted while facts were being kept from the public.”
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https://paperspast.natlib.govt.nz/newspapers/WT19410315.2.60
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Waikato Times, Volume 128, Issue 21371, 15 March 1941, Page 9
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130STABILISATION FUND Waikato Times, Volume 128, Issue 21371, 15 March 1941, Page 9
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