faith in the‘power Of the’exchange to lift them out, no matter what the price, whereas to any reasonable person It* was obvious that as the exchange bene fit only applied to the net proceeds,' each drop of 1/- per case brought nearer to vanishing point the benefits of the exchange. . “Meantime New Zealand, with a modest 10 per cent, exchange, has had to participate in the go-as-you-please fight with one hand fettered. Just what has. happened was foreseen and emphasised by producers when urging the Government to help avoid this unfair competition from Australia, and I am hopeful that the information in this respect which I have been able to give Mr H. E. Napier at Ottawa will help toward a more equitable state of affairs ; otherwise it is obvious ■ that the day must continue to go against us if next season sees a repetition of record quantities from Australia and New Zealand, adverse exchange rates arid an unimproved Continental situation.
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Hokitika Guardian, 24 September 1932, Page 6
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161Untitled Hokitika Guardian, 24 September 1932, Page 6
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