EXCHANGE INCREASE
BANKS CONTROL POSITION
GOVERNMENT ATTITUDE;
(United Press Association—By Electric Telegraph Copyright.) SYDNEY, Dec. 18.
A member of the Federal Ministry recently stated that the Government favoured an increase in the exchange rate.
The acting-Prime Minister,. Mr. J. Til. Fenton, now points out that while the Government considers that tlie rate should Ire- increased, the control of the matter is vested with the hanks and other large financial institutions. The leader of the Federal Opposition Mr. J. G. Latham, expresses the 'i"'inion that the exohange rate should be reviewed.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HAWST19301220.2.25
Bibliographic details
Hawera Star, Volume L, 20 December 1930, Page 5
Word Count
90EXCHANGE INCREASE Hawera Star, Volume L, 20 December 1930, Page 5
Using This Item
Stuff Ltd is the copyright owner for the Hawera Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.