HIGHER EXCHANGE
NO BREACH OF OTTAWA PACT STATEMENT BY HON. J. G. COATES (Pot Press Association — Copyright.) HAMILTON, May 2. Sneaking at a political gathering at Morrinsviile last, night, the Hon. J. G. Coates made the statement that the increased exchange was not a broach of the Ottawa agreement, but was the result ol various factors. The raising of the exchange gave a margin. There had been no marked increase in the cost cf living. He added that a diversion of trade from the United Kingdom to Australia was not caused by New Zealand’s action.
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Hokitika Guardian, 3 May 1934, Page 7
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95HIGHER EXCHANGE Hokitika Guardian, 3 May 1934, Page 7
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