The Archive · 1938

Mr. Kennedy Discounts Devaluation Talk American Envdy in London Sees No Reason for Move

New York, June 20.

He would talk with President Franklin D. Roosevelt on his politico! and financial observations in London, Mr. Joseph Kennedy, United States Ambassador to the Court of St. James, told Press correspondents today upon his arrival in the Queen Mary, He denied, however, that he had any information on a plan concerning the devaluation of the dollar. He added, "I see no reason for a new devaluation because there is nothing to be readjusted in the Tripartite Monetary Agreement.'

Mr. Kennedy is leaving for London again on June 29.—Havas.

Text read from the printed page and cleaned; old type leaves the occasional error.

Your account