NEW ZEALAND PRODUCE

Wanganui Chronicle, Volume 77, Issue 210, 5 September 1934, Page 11

NEW ZEALAND PRODUCE

POSITION IN ENGLAND A TKAVELLEK’S REPORT WELLINGTON, Sept. 4Mr. C. M. Bowden, of Bowden Bass, and Co, Wellington, who is just back, from a visit to the Old Country aud America, in an interview said that he was much impressed by the cheerful atmosphere pervading Loudon. He said that there was not over-consump-tion of our chief products. It was interested parties who had raised that cry. Facts and figures did not prove it. The city welcomed the intimation that the exchange rate would be main 4 tained at 125 for some time to come. With this assurance, it anticipated that delayed orders would be placed. Also, in. conjunction with the lowered deposit rates in New Zealand, this would possibly have the effect of calling back to London funds which had been allowed to accumulate in New Zealand in the hope of a fall in the exchange. He paid tributes to the work of the New Zealand Office in London. Mr. Bowden said that New Zealand, to his mind, should peg along and continue to produce and expand, and, above all, bend every endeavour to place with Britain an ever-increasing percentage of her import requirements.