LABOUR AND RATE OF EXCHANGE
INACTION EXPLAINED B®'
MINISTER
[THE PRESS Special Euikn] v
WELLINGTON. May 2*_ The reason why the Government hsg not lowered the rate of exchange ang having, when in Opposition, opposes the raising of it was referred to ay the Minister for Labour, the Hon. H-Tfc Armstrong, in his address at St. Amiens Hall. Northland, last night .. “Critics say now that we oughtw put the rate back where it wash# fqre,” Mr Armstrong said, the raising of it because it was wrong, and because it was going to bankrupt hundreds of good people in New Zealand to help another section of the people. If we attempted to P«* it back again suddenly we wunß» bankrupt another lot of people, and Wj* are not a bankrupting Goyemmegs. (Applause.) There has been less wag ruptcy this year than ® “2jfflW year in the history of New J&aiaaa. proportional to population, he s*KL
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Bibliographic details
Press, Volume LXXIV, Issue 22414, 30 May 1938, Page 11
Word Count
153LABOUR AND RATE OF EXCHANGE Press, Volume LXXIV, Issue 22414, 30 May 1938, Page 11
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