EXCHANGE AND TRADE RETURNS
The termination of the exchange pool at the' 30th _of June last was expected to bring in its train an increase in the New Zealand rate of 10 per cent, on London, particularly as Australia has maintained her rate at 25 per cent. This did not materialise, remarks the Auckland Chamber of Commerce journal, and the New Zealand rate has continued as before. /
"As trade figures continue to show a i substantial surplus of exports over imports, any move upwards is perhaps unwarranted. At the same time the difference of 15 per cent, in favour of the Australian producer in our export -markets is a decided handicap to the.New Zealand producer, and means the Australian exporter has an advantage which has the effect of keeping market values down, and is ajso of large assistance. in increasing production. Further, this anomaly in exchange as- between New Zealand aud Australia is a great advantage in .the case of exports to ,New Zealand, with a-corresponding disadvantage in the case of New Zealand exports to Australia. # Does it not appear some adjustment in the rates should be made, and. one that will bring them nearer to a parity basis?" t. ■ ■■• '
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19321119.2.135.7
Bibliographic details
Evening Post, Volume CXIV, Issue 122, 19 November 1932, Page 16
Word Count
200EXCHANGE AND TRADE RETURNS Evening Post, Volume CXIV, Issue 122, 19 November 1932, Page 16
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. 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 Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in