RISE IN EXCHANGE RATE
ADVOCATED BY AUSTRALIAN ECONOMIST SYDNEY. Bth December. Official advice of the New Zealand Government’s Orders-in-Council dealing with the licensing of exports and imports was received by the New Zealand Trade Commissioner in Sydney today. Professor Hytten, economic adviser to the Bank of New South Wales, commenting on the situation in New Zealrnd, declared that the most obvious way of carrying on would have been simply to have allowed the exchange rate to go to a higher figure. This would have reduced real costs, ar. opposed to money costs in industry and would have saved a good deal of expenditure which the Government was now going to face in connection with the guaranteed price of butter.
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Nelson Evening Mail, Volume LXXII, 9 December 1938, Page 5
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119RISE IN EXCHANGE RATE Nelson Evening Mail, Volume LXXII, 9 December 1938, Page 5
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