EFFECT ON IMPORTS.
MR. E. 11. POTTER'S VIEW "The action of the Government in offering to pay a higher rate will have s. detrimental effect on local body finances generally, said Mr. K. H. Potter, Mayor of Mount Eden. "It will incrciu'c the cost of work, and this will have the effect of restricting work." The higher rate of interest generally will have a similar effect on building operations and on the importation of goods. Fortunately for the Dominion, ',Mir exports exceed imports by many million pounds. Previous to the immediate crisis there appeared to be no shortage of money in the Dominion, but the financial disturbance in America and Australia, and now that in Canada, must inevitably affect the world of commerce."
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19300201.2.107
Bibliographic details
Auckland Star, Volume LXI, Issue 27, 1 February 1930, Page 12
Word Count
123EFFECT ON IMPORTS. Auckland Star, Volume LXI, Issue 27, 1 February 1930, Page 12
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.
Log in