“SPIRIT OF OTTAWA”
DOMINION’S EXCHANGE MOVE
CONDEMNED IN LONDON
By Telegraph—Copyright—Press Assn.
LONDON, Last Night
The Stock Exchange Gazette condemns the New Zealand exchange as one more offensive in the grim world war of tariffs, prohibitions and other lethal economic weapons.
“The worst feature of the change,’’ is adds, “is its breach of the spirit of Ottawa. The New Zealand Government has struck a blow at England’s trade despite Ottawa’s attempt to foster Empire trade. It means the lowering of the harriers. The Hon. Downie Stewart rightly resigned rather than countenance such an anti-im-perial move.
“The exchange alteration involves an increase in the external debt and is bound unfavourably to affect New Zealand securities on the London market. One of the worst features of Now Zealand’s action is that Australia is now virtuallv compelled to maintain her rate at the present level when everyone hoped for an improvement.”
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https://paperspast.natlib.govt.nz/newspapers/WPRESS19330130.2.33
Bibliographic details
Waipukurau Press, Volume XXVIII, Issue 32, 30 January 1933, Page 5
Word Count
148“SPIRIT OF OTTAWA” Waipukurau Press, Volume XXVIII, Issue 32, 30 January 1933, Page 5
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