THE EXCHANGE QUESTION

Stratford Evening Post, Volume II, Issue 88, 7 November 1932, Page 4

THE EXCHANGE QUESTION

VIEWS OF FARMERS j Whether the exchange should be i fixed or not was the question raised I by Mr J. Browning (Tariki) at the i executive meeting o£ .the Farmers' ! Union on Saturday. I "I was talking to the Dominion president (Mr W. J. Poison) today and he said that there were difficult* ies in the way of obtaining a free ex, change," said Mr Browning, "and I suggested a petition from farmers, hut the trouble is the great difference of opinions on exchange." Mr Browning said that, farmers were being overcharged for many ihv ports of goods so that secondary industries would be protected. He emphasised the advantage to farmers of an increase in exchange. Mr B. Richmond asked if Mr Poison wanted a rise in exchange and Mr Browning replied, saying "He wants a free exchange." • ' Last year Mr Poison condemned an increase in exchange and said that a u i decrease in costs was -what- -was wanted, argued' Mr Richmond, who went on to say ''We want'him'to be emphatic in one 'way' or another. I shall follow anybody who assists." 'Anyway you cannot force Parliament," concluded Mr Richmond, "as it is under the control of the banks.'* The policy of the Dominion executive was in favour of a free exchange, remarked Mr Ford. It was resolved by the executive that a petition be circularised, de_ manding that all advantages obtained from an advantage exchange be granted to the exporters of produce,