FREE EXCHANGE RATE
VIEW OF OTAGO FARMERS MEAT GUARANTEE NOT WANTED [by TELEGRArn —PRESS ASSOCIATION 1 OAMARU, Saturday At a mass meeting of North Otago farmers to-day a resolution was carried endorsing the report brought down by tlio Primary and Auxiliary Producers' Committee that representations bo mado to the Government respectfully urging the necessity of action being taken on the lines of the committee's recommendation.
The meeting supported the view that the exchange rate should be allowed to swing free, thereby giving an incentive to farmers to maintain production, obviating the necessity of the harsh and cumbersome method of regulating imports and tending to attract capital back to New Zealand. The attendance was about 500, of which eight voted for an amendment that the Government be asked to take a vote of farmers whether they wanted a guaranteed price for meat and wool.
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Bibliographic details
New Zealand Herald, Volume LXXVI, Issue 23340, 8 May 1939, Page 12
Word Count
143FREE EXCHANGE RATE New Zealand Herald, Volume LXXVI, Issue 23340, 8 May 1939, Page 12
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