DEVALUATION SURVEY MADE
The New Zealand Manufacturers’ Federation is studying the effects of devaluation on manufacturers. The survey is being made in association with the Australia and New Zealand Bank, Ltd.
The president of the feder- Bank suggestion that the fedation (Mr R. G. Speirs) said eration co-operate in a survey that the Government and the of members.
federation’s council were aware that the success or failure of the exchange rate changes would depend on members’ reactions. In a letter received at Monday evening’s meeting of the council of the Canterbury Manufacturers’ Association. Mr Speirs said that there had been virtually no information on the impact of devaluation on manufacturing. The federation had welcomed an A.N.Z.
It was four months since devaluation and members should be able to give accurate answers, said Mr Speirs. The questionnaires must be returned by May 1 to enable the results to be available for the National Development Conference. Information is sought on changes in ability of industry to export; any impact on import costs and movements in selling prices.
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Bibliographic details
Press, Volume CVIII, Issue 31662, 24 April 1968, Page 10
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175DEVALUATION SURVEY MADE Press, Volume CVIII, Issue 31662, 24 April 1968, Page 10
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