EXCHANGE RATE.
(Special to the “Star.”) WELLINGTON, April 6. has occurred to warrant alteration to the rate of exchange,” said the Minister of Finance (Mr Coates), when asked if this question was under review by the Government. He was reminded that the Prime Minister had stated that high exchange would continue till the end of the present export season, and the questioner suggested that this inferred reconsideration in June. ou are asking me if there is likely to be any effect as the result of that statement. My reply,” said Mr Coates, is: I know of nothing which has occurred in connection with the country’s economic situation that would justify a change in the rate or that leads me to suggest, even in the remotest sense, that there should be a review of the whole situation.”
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Bibliographic details
Star (Christchurch), Volume LXVI, Issue 20273, 6 April 1934, Page 7
Word Count
136EXCHANGE RATE. Star (Christchurch), Volume LXVI, Issue 20273, 6 April 1934, Page 7
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