EXCHANGE RATE
reum§? business AUCKLAND MANAGER' SAYS MANIf GANtiEiJjEtx INGKEAMMD iiiWMIf The extent trt wliiuli JJff? fitift&ftitfytf of the ihci'ensed rftie Mf prejudiced the hueliiesh nt inUiid tii~ ficea •was iudichlerl l» k presentative tlitrt Y/eefc hf Mv; h, . Thompson, inmut^ei4 ef H hiiU and Son, Auckland* Mu '! [iwiftjWftt visited Rotoi'UU iil I'hiuivhljhft y/iifi the arrangemeiitb fur IJip luUi >f i de district of putieengw'a h'tjtn Ihe ard luxury litiei' GHi'lidJiitt dOt UHi tht* coming weelc-end, The outwurd toiii'iet trwffie h'HOfi New Zealand up to tlm mlddlp nf January and the fulvnnee promised very well, lie tifiid, «jid V/ej'e a welcome improvemeiit on tliofie fti? the same period for a nilniber' (jf years. However, the hnposKinh 0 f the high rate of exchange lltid dlH= ed in a general laelt of liiteregf itt tours abroad, and in addltloU tt nilhlber of tours scheduled to I'AiltitiWiihg \ during March and April iind .beep cancelled owing to the additloiial e»U pense involved. , One redeeming feature of Ihe p'/Mtion, said Mr. Thompson, was ihlll while outward business wotild du crease, the new exchange rate Wfie favourable to people visitiilg NevV Zealand from England as they COiiUl get £125 worth of travel upd eilleU tainment here for their £190. Ah though the effect would not bajfMtil* ly fe.lt this year owing to the Itt te» ness of the season, he considered illttl should the present rate be malntained, a considerable increase in inward tourist traffic will be noted next season.
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Rotorua Morning Post, Volume 2, Issue 459, 17 February 1933, Page 5
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245EXCHANGE RATE Rotorua Morning Post, Volume 2, Issue 459, 17 February 1933, Page 5
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