WILL CUSHION EFFECTS O RISING OVERSEAS PRICES
WELLINGTON, August 20. In a statement today Mr. A. L. George, president of the New Zealand Retailers' Federatiph, expressed the opinion of the Pederation that the reduction of the excliange will be olfset to a great extent by today 's continued upward trend im overseas prices.. "11 is obviousU'Jio' said, ((that the Minister of -Fihaheh,is-hni^(}fnl pf/the fact tlrat o\(ersoa*s4prlCeS fiM%ill-^isi-iig, and in order ta prevent prices' An*' New Zealand increasing further he has takou (lie only slep which., is open to liiiu iy order to cusliion the effeVfs of overseas risjng costs. " It ia well to reiiiember that imports are being rigtdiy eonlrollod and tlie reduction of the exchango'rate vvil' not niean an exeessive infiux of over seas goods."
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Chronicle (Levin), 21 August 1948, Page 5
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126WILL CUSHION EFFECTS O RISING OVERSEAS PRICES Chronicle (Levin), 21 August 1948, Page 5
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