OPPOSED TO HIGH EXCHANGE

Hawera Star, Volume LII, 1 February 1933, Page 9

OPPOSED TO HIGH EXCHANGE

BLENHEIM B USINESSMEN. INSTRUCTION- TO MEMBER. (B>l Telegraph—Press Association.) BLENHEIM, Feb. 1. A telegram signed by 89 Blenheim business firms Ava.s despatched to-day to Mr E. F. Healy, M.P. for Wairau, urging him to A*ote against the pegged exchange, “eA-en if it means the doAvnfall of the GoA’-ernment.”

SUPPORT TO MR. STEAVART

ALTER NATIVE BONUS URGED

WELLINGTON, Feb. 1

A meeting of a businessmen’s committee unanimously resolved that, after reading the speech of Mr. Downit SteAvart explaining why he had resigned from the GoA-ernment as a protest against its financial policy, sunported as that speech Avas by the published opinion of Professor Murphy, the committee Avas of the opinion that the present threatened political upheaval could be aA’oided if the Gtavernment Avould AvithdraAV its proposal to depreciate the A r alue of NeAV Zealand currency and substitute therefor some form of bonus as assistance for farmers as already had been proposed, and that in the event of the Government folloAving this course it should request Mr. Stewart to resume the position of Minister of Finance.