OPINIONS DIFFER

Waipukurau Press, Volume XXVIII, Issue 29, 26 January 1933, Page 3

OPINIONS DIFFER

ON HIGHER EXCHANGE GOOD FOR PRIMARY PIMIDUCEES AUCKLAND. January “The increase in tin? New Zc'-...-l exchange rate will. I think, be 'nod for the primary producers, but !. ' o not think it will be a, good Ihin.g : general business,’’ sain Sir a s Murdoch, M.L.C., a leading Sy-.. .'.‘W business man, who .arrived by th: 1 Monowai yesterday. Sir James said he thought it was time New Zealand paid more to developing its secondary trics. One result of the Scullin Government’s action in placing prohibi tariffs on importations into AusrrOia was the consumption in Australia aio-m of 245,000 bales of wool. That wa c a point worthy of note. “I think the increase in th° exchange rate is a step in the right direction,’’ said Mr W. C. DougiC". of the firm of W. C. Douglass, Ltd., merchants and manufacturers, of nev and Newcastle, who arrived by the Monowai yesterday. He sail he thought, the increase world prove beneficial, but that the benefits wom-i coma gradually. “Within the next 10 years Australia, and New' Zealand will become a great place on the map.” said Mr Douglass. “Depression is a thing which, moves in cycles and Australia and New Zealand will prosper again, and prosper wonderfully. The great

tliiii"' about depression is that it Jins broil ';;' ■■.’’•.lit, u greater etiicivncy. England must get an .adjustment of war debts and loans and then uc slia.ii move ahead to an immediate improve- : nient.' ’ I MOTOR CAR PRICES f Al'(' K! AN I■, Janna r; 2!. The .opinion that an increase 15 to gi) per <:■ nt. in the retail briw of Britidi mot : mirs on the local market would tub" pln-e shortly, as a result of tlm higher exchange rate, was expressed ,bv several members o' thetrade in Auckland yesterday. Ft was generally agreed that the hmr use, although not vet announced, would bo made almost immediately, although, m one or two instances dealers indicated their intention of disposing of present stocks at ruling prices .ami applying the increase on models brought into the court”y since the higher rate was introduced. The high duty already existing on / foreign motor cars and aecesories has resulted in their importation being al- | most at a standstill for some time past. ; Tt is expected that the rise in prices of i American cars will be proportionately ! similar to that, of British models. [ The increase in the exchange rate is also expected tn have an effect on the 1 prices of second-hand cars. For some time past .the local demand for secondhand oars in good repair has been steady, and it is considered likely that prices will rise when the effect of the higher exchange is felt in the cost of new models.