A REPLY FROM AUSTRALIA
Mr McLeod sai' that Mr E'ndean, wlioge name had been mentioned in | som e newspaper accounts, took no part in organising the deputation to Mr Forbes, but his anxiety for the primary producers and the epunti'vp tgenerHlv imde r the present- .denlopable conditions was well known. Mr McLeod d'flclceed that on Wmlnnsdav, h'sfc the member for Parnell the fo] lowiny cablegram to the f general manager of one of the I'nrgest. importing as wen as manufacturing firms in the Gom.monwft'dt.) •—“Has high rate exchange been to the benefit of Aivtmlia 5 " The replv was as follows:—“Definpelv | yes. Initial immediate benefit to export ‘ producer ultimately reflected in stabilised price levels and increased spending power. General benefits of h'eb exchange mow recognised. Difference of opinion now onlv whether present rate should be increased ’’
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Hokitika Guardian, 21 November 1932, Page 6
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135A REPLY FROM AUSTRALIA Hokitika Guardian, 21 November 1932, Page 6
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