The Exchange Controversy
Sir, —The latest more of the farmers to press for a higher rate of exchange is, unfortunately, typical of the selfish attitude of their class. They erroneously think that if the rate goes up to 25 per cent, they will get something for nothing.
The dishonesty of the proposal to increase the rate of exchange to 25 per cent, should be evident to all seriously thinking people. The scheme is a subterfuge calculated to quietly rob the people" and hand the plunder to the farmers. If the rate is raised the price of butter, clothes, food, and every commodity will be increased by 15 per cent, and the consumer will pay the piper. Taxation will certainly be raised.
The farmers have united in an effort to raise the rate to 25 per cent. The community must now realise the seriousness of the position and take prompt and effective steps to prevent the rate being raised at their expense. There is not the slightest justification for the rate being increased and those who advocate such a policy will, if they achieve their objective, rob the citizens of this Dominion.—l am, etc., SCRUTATOR. Wellington, November IS.
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Bibliographic details
Dominion, Volume 26, Issue 49, 21 November 1932, Page 11
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197The Exchange Controversy Dominion, Volume 26, Issue 49, 21 November 1932, Page 11
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