HIGH EXCHANGE
<g> GOVERNMENT’S IN TENTH )NS AMPLE NOTICE OF ALTERATION (Per Press Association) WELLINGTON, Last Night. The Minister of Finance (Rt. Hn. J. G. Coates) to-night gave a denial to persistent statements in circulation in Wellington to-day to the effect that the Government proposed to alter the level of the exchange rate. He said that no change in the current rates, either up or down, was proposed. “While export prices remain as they are, there will be no reduction in the rate. There might have been some difference of opinion as to the wisdom of raising the rate, but there is no room for a difference of opinion as to the wisdom of maintaining the rate. To permit the rate to fall would be disastrous, Mr. Coates declared. Recognising this, the Government would maintain the exchange rate at the present level and ample notice would be given if at a future date an alteration was intended. For the present such a possibility could be dismissed as fantastic.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WPRESS19330311.2.27
Bibliographic details
Waipukurau Press, Volume XVIII, Issue 66, 11 March 1933, Page 5
Word Count
168HIGH EXCHANGE Waipukurau Press, Volume XVIII, Issue 66, 11 March 1933, Page 5
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