| Level | Item |
| Reference Number (click to see whole series/group) | G1/339 |
| Extent | 1 file |
| Title | GOVERNOR'S FILE: NEW ZEALAND - RESERVE BANK |
| Date | 8 Aug 1935 - 11 Mar 1951 |
| Admin History | The Bank acted as issuing house for New Zealand Government issues in the London market and was thus the market's natural point of contact on matters relating to New Zealand public sector issues. |
| Description | The 1935 General Election brought Labour to power, the Reserve Bank was seen as the creature of the previous regime; the Reserve Bank Act was amended in 1936 to bring it more firmly under Government control. By 1938 New Zealand was in serious balance of payments difficulties and Lefeaux's relations with the Government were under strain. By early 1939 default looked a serious possibility. The 1939 Reserve Bank Amendment Act and Lefeaux's subsequent departure in 1940 are covered in this file. 1951 correspondence between Cameron Fromanteel Cobbold and Prime Minister Holland on the need to strengthen the Reserve Bank Board is in this file [and in G1/336].
Digital images of this file are available online via the Australian Joint Copying Project, National Library of Australia: https://nla.gov.au/nla.obj-1164745751/view
The above link was valid on 03/02/2021. Please let us know if this link is no longer working, by emailing archive@bankofengland.co.uk |
| Original Reference | S87_2v2 |