EXCHANGE QUESTION.

Manawatu Standard, Volume LII, Issue 307, 25 November 1932, Page 2

EXCHANGE QUESTION.

RIVAL MEMORIALS. (By Telegraph—Special to Standard.) WELLINGTON, Nov. 25. The presentation to the Ministry of the rival signed memorials on the exchange issue lias revealed that there are 10 members outside the Official Opposition who, whatever their views may bo, are not signatories to either document.

Twenty-five members of the Coalition signed the memorial in favour of a high pegged exchange. There are nine names on the document forwarded by the city group. The Labour Party, with Mr E. T. Tirikateno (Independent Southern Maori) represent 25 members, making the total accounted for 59.

Excluding Mr Speaker, and taking into account the vacant Motueka seat, 19 members still remain unaccounted for. Of these, nine are Cabinet Ministers. The 10 members left are all Coalitionists, and their names are Messrs Connolly, Healy, Jiill, McDougall, Macpherson, McSkimming and Smith (United) and Samuel, J. A. Nash and Dickie (Reform). As far as can be ascertained, Mr Connolly is opposed to any violent .fluctuations in the exchange and he considers the rate should not advance by more than 5 per cent, on the present level. It is understood that both Messrs Healy and Jull wish to hear the considered opinion of Hon. W. Downie Stewart before they define their position. It would appear that Messrs McDougall and Macpherson are against manipulation, while Mr McSkimming definitely favours a free exchange. Mr Smith’s views are unknown. Mr Samuel is in favour of a high exchange, but it is said that Mr Dickie is with the city members who signed the Opposition memorial. Mr J. A. Nash lias not indicated his.attitude.