N.Z. EXCHANGE
A CONDEMNATION "AN OFFENSIVE MEASURE." (United Press Association—By Electrio Telegraph—Copyright A ;> (Received 11.45 a.m.) X , LONDON, January 29. The "Stock Exchange'Gazette? condemns,. file New Zealand exchange as one of the most offensive in the grim world war of tariffs, prohibitions and other lethal economic weapons. ' 1
It adds; “The worst feature of the change is its breach of the spirit of Ottawa. The Government has struck close at England’s trade despite Ottawa’s attempt,’to ibster Empire trade. It means a lowering of the barriers." “Mr Stewart has rightly resigned, rather than countenance such an antiimperial move. The exchange alteration involves an increase in the external debt, and is bound unfavourably to affect New Zealand securities on the London market. One of the worst features of New Zealand’s action is that Australia is now. virtually compelled to maintain her present level, when everyone hoped-for an improvement."
MEAT PRICES IN WELLINGTON, WELLINGTON, January 80 Consequent upon the, advance in the exchange rate, the wholesale price of meat supplied to'Wellington’, butchers has been advanced, and. the retail prices will be increased to-day.
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Hokitika Guardian, 30 January 1933, Page 5
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180N.Z. EXCHANGE Hokitika Guardian, 30 January 1933, Page 5
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