HIGH EXCHANGE.
G OVERNMF.NT PEGGING CONDEMNED SHOULD FIND ITS O WN LEVEL (Press Association.) AUCKLAND, Nov. 6. The pegged exchange policy of the Australian and Now Zealand Governments was referred io> by Sir Frederick Tout, M.'L'.A., of New South Wales, who arrived by the WanganelJ.a. to-day on a- three weeks’ visit to Ne\y Zealand. He is a- member of the principal hoard of the Australian Mutual Provident Society, and was met by Sir William Hunt, the New Zealand chairman, and other executives whO' will toiir the Dominion. “Exchange is the proper leveller”, said Sir Frederick Tout, “and should find its own level commercially and not be. pegged by. governments.” Sir Frederick, who represented Australia at the Ottawa Conference, said the agreements had been beneficial to all primary and pastoral industries. lie hoped that similar arrangements would he made for future Empire trade.
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Bibliographic details
Gisborne Times, Volume LXXXIII, Issue 12703, 7 November 1935, Page 5
Word Count
142HIGH EXCHANGE. Gisborne Times, Volume LXXXIII, Issue 12703, 7 November 1935, Page 5
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