HIGH EXCHANGE
DOMINION'S COMPETITORS
(By Telegraph—Press Association.)" ; HASTINGS, October 7. It would be absurd if New Zealand abandoned the present exchange rats while all its competitors among export* ing countries maintained: a high ex« change, as they were doing, said Mr. T\ A. Duncan, chairman of the Meat Pro* ducers* Board, when asked at a. meeti ing of farmers here today to exprea* a personal opinion on the question. ' . While in England during the negotiaj tions with the British Government, h«l added,-, he heard no opinions.- from manufacturers or. others against the maintenance of the present rate. On the contrary, the general managers of two leading banks, independent of the New Zealand trade, told.him that in their view the rate was "in;the right place," and should be kept there. One ol them said he did not think the rate would ever go back to normal, but thought it inevitable it would be re< duced at some time in .the future. Until recently, said Mr.'^puncan, thfl Argentine rate was appreciably highei! than New Zealand's. All New Zealand's .competitors had a high exchange, irate "The present rate," he concluded,."isn'f prejudicing meat exports irom; : -New! Zealand." . ...... .. / ..
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https://paperspast.natlib.govt.nz/newspapers/EP19351008.2.34
Bibliographic details
Evening Post, Volume CXX, Issue 86, 8 October 1935, Page 7
Word Count
193HIGH EXCHANGE Evening Post, Volume CXX, Issue 86, 8 October 1935, Page 7
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