LATE NEWS
TRADE REGULATIONS OF N.Z. ' Comment By Australian Economist RISE IN EXCHANGE RATE ADVOCATED By Telegraph.—Press Acea.—Copyright. (Received December 9, 2.10 a.m.) SYDNEY, December 8. Official advice of the New Zealand Government’s Orders in Council dealing with the licensing of exports and imports was received by the New' Zealand Trade Commissioner in Sydney today. Professor Hytten, economic adviser to the Bank of New South Wales, commenting on the situation in New Zealand, declared that the most obvious way of carrying on would have been simply to have allowed the exchange rate to go to a higher figure. This would have reduced real costs, as opposed to money costs in industry and would have saved a good deal of expenditure which the Government was now going to face in connection with the guaranteed price of butter.
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Dominion, Volume 32, Issue 65, 9 December 1938, Page 7
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136LATE NEWS Dominion, Volume 32, Issue 65, 9 December 1938, Page 7
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