PRICE GUARANTEE
CONDEMNED BY FARMERS FREEING OB EXCHANGE URGED iPeh United Press Association) HASTINGS, June 6. A mass meeting of 400 farmers from all parts of Hawke's Bay to-day passed a resolution condemning the guaranteed price scheme and urging the freeing of the exchange rate. There were only four dissentients. Addressing the meeting, the' president of the New Zealand Sheepowners' Federation (Mr H. D. Acland) said that if the exchange were allowed to go to its true value it would rise at least to 150 instead of the present rate of 125. "We would be getting at least 20 per cent, more for our wool, lamb, mutton, and beef for export to-day in New Zealand money if we had free exchange," said Mr Acland.
Referring to the guaranteed price scheme, the provincial president of the New Zealand Farmers' Union (Mr Lloyd Hammond) said that the dairy industry went so far last year as to have a'committee set up to determine the price, but the Government replied ihat an increase of three-farthings per lb would wreck the scheme. "If an additional three-farthings would wreck this scheme, how would the Government pay an additional £8,000.000 or £9.000.000 to assist the shcepfarmers? " asked Mr Hammond.
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Bibliographic details
Otago Daily Times, Issue 23828, 7 June 1939, Page 12
Word Count
202PRICE GUARANTEE Otago Daily Times, Issue 23828, 7 June 1939, Page 12
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