EXCHANGE POLICY.
AN AUCKLAND VIEW. Electric Telegraph—Press Association AUCKLAND, February 13. In his address- at the annual meeting of the Auckland Chamber of Commerce this afternoon the retiring president (Mr Gainor Jackson) said the Government s announcement to* reduce the exchange rate in small graduations was causing concern to business men. He felt with Hon. V . Dow me Stewart that "We are up a gum-tree and it i> going to lie diiiicult to get down.”
1 be reactions ot exchange inflation had largely worked themselves out, said Mr Jackson. In the interests of internal stability it would be better
■1 the fixing of an appropriate exchange rate were left entirely in the hands of the Reserve Bank without Government interference.
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Bibliographic details
Pahiatua Herald, Volume XLIII, Issue 13182, 14 February 1936, Page 5
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120EXCHANGE POLICY. Pahiatua Herald, Volume XLIII, Issue 13182, 14 February 1936, Page 5
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