GRANT OF 25 PER CENT FROM N.Z. EXPORTS SOUGHT

Gisborne Herald, Volume LXXV, Issue 22707, 4 August 1948, Page 6

GRANT OF 25 PER CENT FROM N.Z. EXPORTS SOUGHT

(P.R.) WELLINGTON, Aug. 4. “Will the Government favourably consider deducting from the new scale of prices for primary products which has recently been agreed to between the United Kingdom Government and the New Zealand Government the equivalent of the amount of money value which is represented by the operation of the existing exchange rate between New Zealand and Great Britain?”

Notice that he would ask this question of the Prime Minister, Mr. P. Fraser, was given in the House of Representatives by Mr- F. Langstone (Govt., Roskill), in association with six ether Government members —Mr. W. T. Anderton (Auckland Central), Mr. W. W. Freer (Mount Albert), Mr. T. E. Skinner (Tamaki), Mr. P. Kearins (Waimarino). Dr. A. M. Finlay (North Shore), and Mr. G. H. O. Wilson (Palmerston North). Would tire amount of money value so deducted bo paid into a special account to be used for repaying part of the internal national debt and to subsidise coal, wheat, flour, bread, meat, sugar, and children’s clothing and footwear on the local market, the question continue L “The 25 per cent, added exchange rate on our exports has. with the inci cased prices, reached a large sum per annum,” said Mr. Langstone, in beginning to read a note to the question, but he was interrupted by the Speaker who said the question should be handed in for revision.