State Of Economy
<N Z. Press Association) WELLINGTON, Sept. 20.
The Prime Minister (Mr Holyoake) said today that he was confident New Zealand’s external payments position would be good enough to meet the various demands for foreign currency including those arising from overseas debt. He was commenting on a statement from the annual report of the Reserve Bank which referred to the amount of relatively short-term finance borrowed overseas recently. Mr Holyoake said that additions to the productive capacity in the last three years would enable New Zealand to increase export income fast enough to meet commitments for servicing debts and to provide foreign currency to finance more imports, especially for capital expenditure for expanding production and exports.
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Bibliographic details
Press, Volume CVII, Issue 31480, 21 September 1967, Page 1
Word Count
118State Of Economy Press, Volume CVII, Issue 31480, 21 September 1967, Page 1
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