WHERE DANGER LIES
UNDERMINING FINANCES
AUSTRALIAN OPINION
In reply to an inquiry from the New Zealand Manufacturers' Federation as to how the increased exchange has affected Australian manufacturers, the seeretry of the New South Wales Chamber of Manufactures has cabled as follows:— .. - . . ', ' This chamber considers that, high exchange benefits exporters only, but penalises ■ manufacturers using imported raw materials. To exporting industries the benefit of high exchange is great. Our opinion is that an increase in exchange ra-tes should come about only through the necessity of providing funds abroad.> It should not be brought about artifi-
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https://paperspast.natlib.govt.nz/newspapers/EP19321123.2.59.4
Bibliographic details
Evening Post, Volume CXIV, Issue 125, 23 November 1932, Page 8
Word Count
95WHERE DANGER LIES Evening Post, Volume CXIV, Issue 125, 23 November 1932, Page 8
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