THE PRICE ASPECT

Evening Post, Volume CXIII, Issue 25, 30 January 1932, Page 14

THE PRICE ASPECT

DESIRE OF THE PRODUCER

(By Telegraph.)

(Special to "The Evening Post.")

PALMERSTON N., This Day. : After a long discussion, yesterday's meeting of the Wellington Provincial Executive of ; the Farmers' Union, held at Peilding, passed the following resolution unanimously:"— _ "This executive strongly supports the Farmers' Exchange Committee in demanding freedom of exchange, and calls upon the Government to immediately abolish the exchange pool, • thus allowing the law of supply and demand to operate without restriction." ■ : , .:

Opening the discussion, the president, Mr. K. W. Dalfymple said it had struck him wherever the exchange question' had been- discussed, that the desire of the primary producer for a free exchange was to obtain higher prices for his products. It was a mistake to allow that impression to go out. The real reason was. to stabilise the country's finances, and it was a pity .that too much stress . had been laid on the view \ that a free . exchange would; bring about higher prices. A. free exchange would bring higher prices temporarily, but the position would soon adjust itself. There was no doubt that a free exchange ivas» the right tiling, but the Government's obligations could not be altogether disregarded. However, his view was that the executive-should protest a'gainsi the regtilatiort of exchange by the Government. . -■■•