FARMERS AND EXCHANGE
Sir, —To the farmers of New Zealand it cannot be too often pointed out that British trade is obstructed by the exchange rate in a way (hat no revision of tariffs will overcome. Business men know that whereas many manufactured articles from Britain were able to compete under our tariff they have disappeared since the exchange rise, and other sur-
viving articles arc marketed at a loss. The dairy farmers fear the quota, but it they imagine any tariff alteration will buy British goodwill while the farmers' Government obstructs trade from Britain by artificial exchange they deceive themselves. Japanese and Australian goods, loaded on American lorries, is the prevailing picture on Auckland wharves to-day: a picture disastrous to the future of New Zealand dairy farmers. No doubt the Government seeks relief from the farm mortgage problem in exchange manipulation and is willing to swallow quotas as an inevitable accompaniment, but anyone who thinks of New Zealand in terms of progress would look for a clear-cut settlement of the mortgage problem within the country and an untrammeled fairway for trade and finance between New Zealand and the Motherland. E. L. lleed
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19340221.2.172.2
Bibliographic details
New Zealand Herald, Volume LXXI, Issue 21731, 21 February 1934, Page 13
Word Count
193FARMERS AND EXCHANGE New Zealand Herald, Volume LXXI, Issue 21731, 21 February 1934, Page 13
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