THE EXCHANGE RATE.
"The exchange was increased 25 per cent ■2i years ago," said Mr. C. R. Dodd at Orange Hall, Xewton. on Tuesday night. I must believe that he is a candidate for Parliamentary honours because he said lie was, but « is almost impossible to believe that anyone so little versed in facts should be even nominated for a seat among the mighty of the landAs a matter of fact, a!! the Government wisely did was to raise the rate of exchange ttffißj 10 per cent to 2.i per cent, aud it was not done until Australia raised its exchange. #>, or rather when. Mr. Dodd verities the above fact, will lie kindly tell his next audience of his miscalculations' regardim the exchange representing £22,500,000 —that i~. to tell the exact figure the alteration the present Government's action made, at the same time qiiotin., the other largre figures, and its effect on theajj A.L.D. .
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Auckland Star, Volume LXVI, Issue 260, 2 November 1935, Page 8
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154THE EXCHANGE RATE. Auckland Star, Volume LXVI, Issue 260, 2 November 1935, Page 8
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