High Exchange Rate
CONDEMNED BY BODY BUILDERS. WELLINGTON, May 18. The annual meeting of the New Zealand Coach, Motor and Body Builders' Association resolved that it was of the 'opinion that the action of the Govern ment in raising and maintaining the present high rate of exchange was definitely accentuating the depressed conditions of the coach and motor body industry in New Zealand and retarding the return of normal business conditions. Further, that, as manufacturers of motor bodies, they were convinced ’that the increased cost of the completed, cars carries with it no advantage in the way of protection to the industry that would offset the existing deplorable stagnation of business throughout Now Zealand.
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Bibliographic details
Horowhenua Chronicle, 19 May 1933, Page 7
Word Count
114High Exchange Rate Horowhenua Chronicle, 19 May 1933, Page 7
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