PROBLEMS OF THE TIMES

New Zealand Herald, Volume LXX, Issue 21596, 14 September 1933, Page 12

PROBLEMS OF THE TIMES

Sir, —While I do not like the high exchange—believing that neither this country nor any other will get right till the exchange is somewhere about par—still, I think your correspondents have overlooked one thing, unless I have been misinformed, when the exchange was put up a lot of orders were cancelled, and a lot more were never forwarded. Now, if the exchange had not been increased and the orders had all gone through and the goods had been sent out, could the farmers, with the low prices received for their produce, have been able to purchase the goods the merchants would have procured on their behalf? I very much doubt it. Which, then, is the worse, high exchange or goods left on thfl merchants' hands? It is to be hoped the quota will not be fully adopted, but if it js, I would suggest that all herds over 100 be cut down to do not more than 100 first. If a man can milk 100 cows or over, he should be in a position to go in for some other class of farming. The small herds' should be left without reduction. Will some member of the Labour Party; or anyone else who believes thai the restoration of the cut or high wages would be a help toward restoring prosperity to this country, tell us, if this is so, why we ever had the slump? Alfriston. F. M. Allen. -