FLAX PRICES AND EXCHANGE
Sir,—l was much amused at " Logic's " letter in regard to the fall in prices in London. Surely if we are foolish enough to deliberately disregard the law of supply and demand by manipulating our exchange, others are entitled to retaliate, and we shall lie lucky if only the price of flax is reduced. lam afraid " Logic " is inclined to be sarcastic when he says " it is such acts as these that tend to disrupt the glorious British Empire, an Empire built up on co-operation and goodwill." 1 must ask " Logic " whether he honestly considers a fictitious exchange of 25 per cent co-operation and goodwill. Personally, I consider it a distinct breach of the Ottawa agreements, because it is equal to an additional tariff against Britain ; also, I should like to remind " Logic " that a seller may ask any price he likes, but it rests with the buyer as to whether a deal comes off or not. Q.E.D.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19330211.2.181.3
Bibliographic details
New Zealand Herald, Volume LXX, Issue 21414, 11 February 1933, Page 15
Word Count
161FLAX PRICES AND EXCHANGE New Zealand Herald, Volume LXX, Issue 21414, 11 February 1933, Page 15
Using This Item
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.
Log in