THE EXCHANGE MENACE.
HEAVY LOSS TO THE DOMINION.
INVERCARGILL, September ■-12. At the Chamber of Commerce, Mr. Gilkison stated that the Union Company during the war made freights payable in India, a practice, that worked well for New Zealand importers, but now, owing to the high value of the rupee, the practice caused loss. With the rupee at Is 10 7-16 d the loss to New Zealand merchants on a shipment of goods on the Waitomo was about 13,7#0. It has decided to ask the Union Company to revert to the practice'of paying freights in tire Dominion*
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Bibliographic details
Wanganui Chronicle, Volume LXXIV, Issue 17664, 13 September 1919, Page 5
Word Count
97THE EXCHANGE MENACE. Wanganui Chronicle, Volume LXXIV, Issue 17664, 13 September 1919, Page 5
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