ANXIETY FELT
THE DOMINION’S TRADING POSITION. RESOLUTION BY PRODUCERS’ COUNCIL. (By Telegraph—Press Association.) WELLINGTON, This Day, London funds and the general financial situation in New Zealand in relation to the farming industries were discussed by the New Zealand Primary and Ancillary Industries Producers’ Council at a meeting in Wellington yesterday.’ The following resolution was adopted:— “While appreciating that the Prirne Minister is aware of the position as evidenced by his recent statement that production must be increased, this meeting of representatives of primary producers expresses, its grave anxiety regarding the position which is developing in the financial and economic operations of the Dominion as indicated by the rapidly falling sterling funds, the proportion of reserve to liabilities of the Reserve Bank, the falling returns for, and the reducing quantities of, primary products exported. These movements , and developments, coupled with heavy increases in costs and general expenditure, are leading to adverse balances nationally and individually, and in consequence of this a great deal of hardship must ultimately be inflicted on all sections.”
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/WAITA19381123.2.20
Bibliographic details
Ngā taipitopito pukapuka
Wairarapa Times-Age, 23 November 1938, Page 4
Word count
Tapeke kupu
171ANXIETY FELT Wairarapa Times-Age, 23 November 1938, Page 4
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Wairarapa Times-Age. 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