HIGHER EXCHANGE
NOTED ECONOMIST’S VIEW. CONSULTED BY GOVERNMENT, WARNING OF DANGER. Per Press Association. WELLINGTON, Feb.. 24. Professor Gregory, the eminent economist, who was associated with ' Sir Otto Niemeyer in investigations made into Australian Federal and State ad-) vances and later came to Wellington in advance of Sir Otto Niemeyer as the guest of the Government, has been consulted with the object of obtaining the best opinion in the City of London on the question of advancing the rate of exchange New Zealand on London. His attitude is made plain in the final sentence from his opinion as cabled out:— “Even if it affects his (the* fanner’s) receipts more favourably than it affects his cuts unfavourably, the influence on the Government, bn wages generally and on the credit of New Zealand has also to be taken into serious consideration, as well as the danger that a movement of this kind, once initiated, may be difficult to check.”
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/MS19320224.2.50
Bibliographic details
Manawatu Standard, Volume LII, Issue 72, 24 February 1932, Page 7
Word Count
157HIGHER EXCHANGE Manawatu Standard, Volume LII, Issue 72, 24 February 1932, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Manawatu Standard. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in