BARRED BY HIGH EXCHANGE

Hawera Star, Volume LIII, 2 August 1933, Page 4

BARRED BY HIGH EXCHANGE

BRITISH MANUFACTURERS STEEL FOB DUNEDIN POST OFFICE DUNEDIN, July 28. It is understood that through tlu operation of the 25 per cent, exchange 1 rate British manufacturers will he doj barred from competing for the supply of isteol that will lie required by contractors or the erection of the Dunedin > Post Office. In these circumstances the following telegram was dispatched to-night to the Acting-Prime Minister by the chairman of the Oltago Importers and Shippers’ Association,: “Regarding the new Post Office at Dunedin, taking into account the present London quota discussions, the Dominion Government now to stipulate that steel) be rolled in Great Britain? Additional cost over Australian rolled steel should) not exceed £3OOO in most favourable circumstances, and over the whole contract period, allowing for passible reductions in freight and exchange, might involve no additional cost. In this specific contract could not the Government make provision to- pay for material in London, thus removing the exchange difficulty and effecting economy in the cost of the building?”