SETTLEMENT—WHEN?

Evening Star, Issue 21315, 20 January 1933, Page 8

SETTLEMENT—WHEN?

ARTIFICIALITY MOT BENEFICIAL. FEDERATED IMPORTERS PROTESTING “ I cannot possibly see how anything artificial can benefit anybody. This raising of the exchange must be paid for. The question is: When?” That is tiie opinion of Mr H. C. Campbell, president of the Otago Importers and Shippers’ Association. His body had protested through the New Zealand Federation, representative of Auckland, Wellington, Christchurch, and Dunedin, and all objections to the agitations of recent months had been made to the- Government by the federation. Mr Stronach Paterson was the Otago representative on the federation, and lie had been closely in touch with the local body. The federation was to have interviewed the Prime Minister this week, but the damage had now been done.

Importations would drop very heavily, and the increased rate would also seriously affect the shipping companies, as New Zeahinders would not travel home when £IOO of their money was worth only £75, said Mr Campbell. The effect "of the increase would be also against the Ottawa Agreement, and the public would be interested to hcai; the views of the British on the New Zealand Government’s action.