FARMERS AND EXCHANGE
ILLUSIONARY BENEFITS. An emphatic denial that the majority of the farmers in New Zealand had ever asked for a high rate of exchange was made by Mr. A. A. Ross, president of the Auckland provincial branch of the New Zealand Farmers' Union, at the annual conference which opened at Whangarei on Tuesday. "Any endeavour to overtake the report that a considerable proportion of the farmers asked for the. high exchange, and are the cause of all the trouble seems hopeless," said Mr. Ross. "Nevertheless we must absolutely repudiate any responsibility in the matter.
"It is becoming more and more evident every day that the benefit to the famer is a vanished one, as it was bound to be, owing to costs rising or remaining stationary when they would otherwise have fallen.
"But the most serious aspect is that for the present, at all events, the high exchange has the same effect as an increase in duties on Bi'itish goods, and completely nullifies beforehand anything that is likely to be done in pursuance of the Ottawa Agreement. That is well understood and is being carefully noted in Great Bi-itain. The matter will require careful handling if New Zealand is to escape Great Britain's preferential dnties when the three years of the Ottawa Agreement expires."
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Bibliographic details
King Country Chronicle, Volume XXVII, Issue 4397, 25 May 1933, Page 4
Word Count
216FARMERS AND EXCHANGE King Country Chronicle, Volume XXVII, Issue 4397, 25 May 1933, Page 4
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