“Breach of Spirit of Ottawa"
DOMINION’S EXCHANGE MOVE CONDEMNED IN LONDON United Press Association —By Electric Telegraph—Copyright. Received Midnight, Sunday. LONDON, Jan. 29. The Stock Exchange Gazette condemns the New Zealand exchange as one more offensive in tho grim world war of tariffs, prohibitions and other lethal economic weapons. “The worst feature of the change,” it adds, “is its breach of the spirit of Ottawa. The New Zealand Government has struck a blow at England’s trade despite Ottawa’s attempt to foster Empire trade. It means the lowering of the barriers. Mr. Downie Stewart rightly resigned rather than countenance such an anti-imperial move. “The exchange alteration involves an increase in the external debt and is bound unfavourably to affect New Zealand securities on the London market. Oiie of the worst features of New Zealand’s action is that Australia is now virtually compelled to maintain her rate at the present level when everyone hoped for an improvement.”
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Bibliographic details
Manawatu Times, Volume LVI, Issue 7068, 30 January 1933, Page 6
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155“Breach of Spirit of Ottawa" Manawatu Times, Volume LVI, Issue 7068, 30 January 1933, Page 6
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