NOT SO SOON FORGOTTEN
“The outcry against high exchange did not last long in Australia, according to one of the Australian farmer visitors who were in Christchurch,” observes the “Star,” “and it will soon die out in New Zealand. That exception is based on a misapprehension. Australia’s high exchange was the result of an adverse balance of trade, and was adopted to rectify a serious trading situation, .whereas the trading position of the Dominion does not warrant even a 10 per cent, exchange, and the high artificial rate will place such an extra strain on the finances of the Doni- 1 inion that iti is not likely ever to be forgotten. It is true that the public will not realise the full cost of the assistance given to the primary producers —assistance which, among other things, saddles the importing interests and wage-earners with the burden of farmers’ bad debts that should be written off —but the chaotic reactions of exchange with all they imply to the rank and file of the people will become progressively galling to an extent which will fix this illtimed expedient in the public mind as a possibility to be guarded against for all time at the ballotbox.”.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WPRESS19330127.2.22
Bibliographic details
Waipukurau Press, Volume XXVIII, Issue 30, 27 January 1933, Page 4
Word Count
202NOT SO SOON FORGOTTEN Waipukurau Press, Volume XXVIII, Issue 30, 27 January 1933, Page 4
Using This Item
NZME is the copyright owner for the Waipukurau Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in