FARMERS' PRODUCE
SOLD FOR U.K. STERLING
GUARANTEED PRICE PLAN
“Had the New Zealand farmers been left in possession of their own produce and able to dispose of it through their own organisation, they, and not the New Zealand Government, would have enjoyed the advantage of being able to have good English money, which would have represented a better advantage than any received under the guaranteed price scheme,’’said the Leader of the Opposition, the Hon. Adam Hamilton, commenting on a statement made by the Minister of Finance, the Horn W. Nash. “The Minister of Finance has suggested that the dairy-farmers would have been £3,000,000 worse off without the guaranteed price,’’ said Mr. Hamilton. “No manipulation of figures can give such a result. The farmers know that their produce is being sold for British sterling, and that they are being paid in a depreciating New Zealand currency, which is steadily losing its purchasing value.”
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GISH19391113.2.123
Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20093, 13 November 1939, Page 11
Word Count
152FARMERS' PRODUCE Gisborne Herald, Volume LXVI, Issue 20093, 13 November 1939, Page 11
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