GUARANTEED PRICES
CONDEMNED BY FARMERS. (Bv Telegraph—Press Association.) HASTINGS, June 6. A mass meeting of 400 farmers from ah parts of Hawke’s Bay today adopted a resolution condemning the guaranteed price scheme and urging the freeing of the exchange rate. Only four dissented. Addressing the meeting, the president of the New Zealand Sheepowners’ Federation, Mr H. D. Acland, said that if the exchange were allowed to go to its true value it would rise at least to 150 instead of the present 125. “We should be getting at least 20 per cent more for our wool, lamb, mutton and beef for export today in New Zealand money if we had a free exchange,” said Mr Acland. Referring to the guaranteed price scheme, the provincial president of the New Zealand Farmers’ Union, Mr Lloyd Hammond, said the' dairy industry went so far last year as to have a committee set up to determine the price, but the Government replied that an increase of three farthings a pound would wreck the scheme. “If an additional three farthings would wreck this scheme, how would the Government pay an additional eight or nine millions to assist sheepfarmers?” asked Mr Hammond.
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Wairarapa Times-Age, 7 June 1939, Page 3
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196GUARANTEED PRICES Wairarapa Times-Age, 7 June 1939, Page 3
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