EXPORT DIFFICULTIES.
AUSTRALIAN EXCHANGE. COMMONWEALTH TO DECIDE. LONDON. December 22. In the House of Commons, Mr. Hood (C.L*.), referring to the hindrance of exports to Australia on account of the inability of Australian merchants to send remittances, asked whether this was due to the Government purchases of wool, etc., from Australia.
Mr. J. Austen Chamberlain (Chancellor of the Exchequer) replied that be was aware that the Australian exchange difficulties wore forcing the exchange banks to charge a considerable premium for money, owing to the unfavourable balance of Australian trade, partly due to the cessation of the large advance payments made during the last few years for wool and other products. He had discussed remediable methods with the Commonwealth Government, which must decide what action is to he taken.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19210101.2.49
Bibliographic details
Auckland Star, Volume LII, Issue 1, 1 January 1921, Page 5
Word Count
128EXPORT DIFFICULTIES. Auckland Star, Volume LII, Issue 1, 1 January 1921, Page 5
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.