NOT FAVOURED
GUARANTEED PRICES
MASS MEETING OF FARMERS
(By Telegraph—Press Association.)
HASTINGS, June 6.
A mass meeting of 400 farmers from all parts of Hawke's Bay today adopted a resolution condemning the guaranteed price scheme and urging the freeing of the exchange rate. Only four dissented.
Addressing the meeting, the president of the New Zealand Sheep-owners' Federation (Mr. H. D. Acland) said that if the exchange were allowed to g-< to its true value it would rise at least to 150 instead of the present 125. "We should be getting at least 20 per cent, more for our wool, lamb, mutton, and beef for export today in New Zealand money if we had a free exchange," said Mr. Acland.
Referring to the guaranteed price scheme, the provincial president of the New Zealand Farmers' Union (Mr. Lloyd Hammond) said the dairy industry went so far last year as to have a committee set up to determine the price, but the Government replied that an increase of three farthings a pound would wreck the scheme.
"If an additional three farthings would wreck this scheme, how would the Government pay an additional eight or nine millions to assist sheepfarmers?" asked Mr. Hammond.
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Bibliographic details
Evening Post, Volume CXXVII, Issue 132, 7 June 1939, Page 6
Word Count
199NOT FAVOURED Evening Post, Volume CXXVII, Issue 132, 7 June 1939, Page 6
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