OVERSEAS EXCHANGE
NO ALTERATION DISCUSSED SO FAR. ' STATEMENT BY PREMIER. ißy Telegraph —Press Association.) WELLINGTON. This Day. A suggestion made by the representative farmers’ meeting in Timaru last week for a further increase in the exchange rate as a necessary means of helping to solve their immediate problems and the rumour in Stock Exchange circles of the imminence of an upward readjustment in the rate were referred to' the Prime Minister, Mr Savage. “We have never had any discussion on that,” was his reply. He expressed his suspicion that the motive for the current reports of a likely increase were political and speculative. “Is any decision on the exchange question likely to be made by the Government in the near future? Mi Savage was asked. “If the exchange rate is altered either way—up or down—it will be done I can tell you. without notice, the Prime Minister replied. “We are not going to allow any persons to make a profit over it. They are not going to do that.”
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Wairarapa Times-Age, 11 April 1939, Page 5
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169OVERSEAS EXCHANGE Wairarapa Times-Age, 11 April 1939, Page 5
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