RUPEE FOLLOWS DOLLARS.

Taihape Daily Times, 10 September 1919, Page 2

RUPEE FOLLOWS DOLLARS.

‘ IN I.TPW-\RI) 1«‘I.1c11~I’17. ! The In(li:1n rupvc l‘lll‘l‘lll't‘llS to follow the .-—\.111m'lC:111 dollzuf in its 111L»1.\';1I1-11 flight with ino\'it:lblv i11to1':1ati011;_1l 111-011ctz11*_y (:onlpli<'zlti(ms. .-\<l\'ice by lottcr from Imlia is to the vfl’cct that .311 foo(lstllfi‘s h:lVt- 2l(lV2Illl5l‘d in :1 111a1'l{(‘;l .dog'l'oe, with fillj- 1-oslllt that. the poorer clas.=:os are Sllll’ol'lllg greatly. T 111.» cost of livill_'_;' 112125 app-.ll'ently outl'll.'l tlle.:l(lvanccs in wzlges_ It is stzlffitl that it, is now «lithcult for the zlvcl'agC' l:1l)o1n~.1:- tn gotCnough food in ex(€.ll:-.llg‘c for lli.~<..'lay':; work, so that it. has now l)om1 sllg-gmr ed tll-at the value of the Rllpc-.1 s<l10ul«l gradually be advlauco(l' a 0 2/, or 2.13 an t altol'lm.tiVe, that an export tal'ifi' be putlon all raw nla’r.cl'ials and fooll:atulf.<. 3Thi.s woulll_, of aourso, m1h:111co thv V Landed cost of tea alld';lothm' lmlian prodll<'o in New Zezll—zllld. In ad<lition to ‘Food sfu.f‘t's, ln1ll:,1n. c:11'pots, and WoOlP€l('l{S. of wlli.l_-h Nun‘ Zonland imports (30usi«lo1':1l)l<\ q11:111titios, will sllf‘fol' incl'c:lsocl cost In tho b11y1?1' lmrc. Ono illlpol'ter iut'ol'lnlul :1. Star roporter recently t.h.~:lt as far as he know the Value of the 1-11111‘-(1 had :1lroz1d); advanced to 2/1. Indian (?Ill'poi's had become very popular of late owing no the leoss:ltiou‘of the supply of Hlo3l‘ ,t’l'om Euglantl, but it w.:lr< possil)lo that factlll‘i.ug activities I'll .l3nglan(l, carwith. tlm I‘osllmptiou of normal m:lnupots Wfillltl again be av:1il:1bl0 t'l‘om Home. '° 1