“UNECONOMIC EXCHANGE”
NEW ZEALAND IMPOSITION. BRITISH NEWSPAPER’S OPINION. By Telegraph—Press Assn.—Copyright. Rec. 10 p.m. London, Aug. 15. Commenting on the statement of New Zealand finances issued by the High Commissioner’s Office, the Daily Telegraph’s city editor says the depreciation of the pound is admittedly arbitrary. “It was designed,” he adds, "to help the primary producer, but the statement plainly indicates that the present rate is more uneconomic than even the banks, which opposed the change last January, then thought it would prove.”
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Taranaki Daily News, 16 August 1933, Page 7
Word Count
82“UNECONOMIC EXCHANGE” Taranaki Daily News, 16 August 1933, Page 7
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