EXCHANGE PROBLEM

Evening Post, Volume CXIII, Issue 26, 1 February 1932, Page 3

EXCHANGE PROBLEM

(To the Editor.)

Sir,—Through the medium of the local newspapers we . have been able to ' consider the "pros and cons" anent any advance in the exchange on London. Mr. Georgo Shirtcliffe certainly gave a comprehensive array of figures, some of which were based on supposition, and I am certainly exercised in my mind that after ins nlty years' business experience, he apparently did not altogether grasp the tact that there are manifest beneßts which would accrue to the farmer and pro-' dueer and at the same time have a resultant good effect generally in the Doimmon. Allow the producer to have what benefit he can obtain now in the matter ot a higher exchange, otherwise it is sadly going to dwarf production, dwarf Vhe interchange of business both locally Th»r°Ve^T' a"d ki" a" "confidence." liieie will be more taxation available for the Government, and there is no doubt this is sadly needed, and do not let us forget that if the blade of grass is destroyed, the inhabitants of the world cannot exist This is a truism without doubt, and is the foundation of evervara?n't ou|' exports will be kept up against a world-wide depression werp I/' 0 -^ " a, hisher change rate were m existence this mi-ht induce fur-' ther gross expenditure is idle, and it is cMffe Va" l f kely-tO happen- Mr- Shirt" chffe himself points out there are bih hTLT'tf' ™? they oertar^--I.V be kept before the Bublic and the producer especially. There are too many live organisations at work in these HniHome of which have been mor^^ to the fore during the past few nZths ?o It mm ci^^^Sft ot importations R. RK 171 r rare