£14,000,000 FOR SUBSIDIES
EFFECT ON RETAIL PRICES (P.A.) WELLINGTON, August 23. The Leader of the Opposition had ignored one major item in the Budget .—subsidies to a total of £.14,000,000 — said the Minister of Industries and Commerce (the Hon. A. H. Nordmeyer) in the House of Representatives this evening. If the subsidies ceased, the retail price of coal would rise by from Sd to Is Id; the price of a girl’s cardigan would increase by 4s 6d, of a man’s singlet by ss, of a pair of blankets by 17s 3d, of a man's suit by 21s. of a woman’s overcoat by £1 17s 3d„ of butter by 10d to Is per lb. If subsidies were removed, milk would cost 2id more a quart, eggs 7?,d a dozen, tea Sd per lb, bacon Id per lb,' women’s shoes 7s Gd a pair, bread 21d for a 21b loaf, and flour 2s t)d for a 251 b bag.
Many other commodities held by freight subsidies would also rise appreciably in price, and the cost of living would rise immensely.
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Bibliographic details
Ashburton Guardian, Volume 69, Issue 267, 24 August 1949, Page 4
Word Count
178£14,000,000 FOR SUBSIDIES Ashburton Guardian, Volume 69, Issue 267, 24 August 1949, Page 4
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