THE EXCHANGE RATE
TIME FOR CONSIDERATION Auckland, Saturday. Commenting on the stand taken by Mr. A. E. Mander at the sitting of the Tariff Commission in Wellington yesterday, the president of the Auckland Manufacturers' Association, Mr. J. A. C. Allum, said he thought Mr. Mander '.s attitude regarding the Tariff Commission was perfectly right. The propaganda in which other interests had engaged was definitely directed at bringing not logic but political pressure to bear on the consideration of tho tariff issue, and the Federation acted wisely in seeking time to consider what action should be taken to combat such propaganda. "We are not going to be bullied," Mr. Allum added. "Childish" and "peevish" were adjectives used in importers' circles in commenting on the Federation's action, opinion being advanced that the object was to obtain public sympathy for New Zealand manufacturers and to provent further eniightenment concerning the effects of high tariffs. The opinion that the quota proposal was the direct result of the high exchange policy, was expressed in many quarters.
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Rotorua Morning Post, Volume 2, Issue 585, 17 July 1933, Page 5
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171THE EXCHANGE RATE Rotorua Morning Post, Volume 2, Issue 585, 17 July 1933, Page 5
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