WOOL DISPOSAL.
BANKERS AND B.A.W.R.A. By Telegraph.—Press Assn —Copyright. London, July 29. Australian bankers, interviewed with reference to Sir John Higgins’ criticisms of their attitude towards the B.A.W. R.A., deny that they have shown hostility. Their view, which was adopted in fullest agreement with the merchants, was that greater advantage would accrue from the disposal of the new clip in order to provide sinews of war with which to ease the exchange position, as compared with the B.A.W. R_A.’s plan. They emphasise that the bankers acted as the owners’ trustees and also point out that only half the proceeds from B.A.W.R.A. sales belong on the growers, the remainder going to the British Government; therefore it is not helping the Australian exchange.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/TDN19210702.2.31
Bibliographic details
Ngā taipitopito pukapuka
Taranaki Daily News, 2 July 1921, Page 5
Word count
Tapeke kupu
121WOOL DISPOSAL. Taranaki Daily News, 2 July 1921, Page 5
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in