EXCHANGE INCREASE
TRADE COMMISSIONER’S VIEW [ I’er Press Association. I WELLINGTON, July 20. Speaking at a luncheon tendered him by the United Kingdom Manufu'cturers’ and New Zealand Representatives’ Association to-day, Mr L. A. Paish. his Majesty’s Trade Commissioner, who recently returned from Great Britain, touched on the feeling of many people at Home in regard to the raising of the exchange rate by New Zealand. There appeared to be a feeling among certain sections of manufacturers and merchants that they had been subjected to a series of economi'e shocks. The sanctity of contracts had long been a principle held in England. Anyting that could be done hero to minimise the shocks would be all to the good. The first, shock was the raising of the exchange. Another shovk was the action of the Auckland Transport Board in paying interest in New Zealand currency. Mr Paish said he did not think that the exchange rate was going to have the lasting bad effect upon imports which many importers feared. It. must /■ remenihered that (here was sivl' a
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Bibliographic details
Wanganui Chronicle, Volume 76, Issue 170, 21 July 1933, Page 8
Word Count
175EXCHANGE INCREASE Wanganui Chronicle, Volume 76, Issue 170, 21 July 1933, Page 8
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