ADVERSE EXCHANGE
QUESTIONS IN THE COMMONS. EFFEQT ON HOME MARKET. BREACH OF OTTAWA AGREEMENT? (United Press Association—By Electric Telegraph.—Copyright.) Received April 12, 10.65 a.m. LONDON, April 11.
In the House of Commons, Hon. G. Lambert and Mr N. K. Lindsay enquired what action was taken in relation to the adverse New Zealand and Australian rates of exchange, the former remarking that they meant unfair competition for Home producers. Rt. Hon. J. H. Thomas, Secretary for the Dominions, said that the subject was one oil which it was impossible to make representations. Mr Lambert: Is not New Zealand’s deliberate depreciation of the currency a breach of the Ottawa understanding that agricultural producers would get a fair share of the Home market? Mr Thomas: 1 do not think it was deliberate.
Sir P. A. Harris: Are you aware that the depreciation decision was taken against the advice of the British Government? It’s effect has wiped out the advantage of the preference on British goods. Mr Thomas: New Zealand is a Dominion and it is not for mo to question the means whereby it arrived at the decision.
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Bibliographic details
Manawatu Standard, Volume LIII, Issue 115, 12 April 1933, Page 7
Word Count
185ADVERSE EXCHANGE Manawatu Standard, Volume LIII, Issue 115, 12 April 1933, Page 7
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