FARMER'S POUND.
WORTH TEN AND EIGHTPENCE COMPARISONS BY MINISTER. (By Telegraph.— Own Correspondent.) WELLINGTON, Thursday. Tlie statement that the farmer's pound U now worth only 10/S in the Dominion, compared with 20/ in 1914, was made by tho Hon. A. Hamilton. Minister of Labour, at tho annual conference of the New Zealand Farmers' Union this evening. The Minister said he came to the conference, not as a Minister of the Crown, but as chairman of the Unemployment Board. Ho appreciated the farmers' difficulties. In 1017, the farmer's pound was worth 2;!/S, showing that the farmer had had a good innings during the war years. During the 1022 slump tho farmer's pound had dwindled to l(i/. and up to 1931 the average was about 11/10. In May of this year the pound bad shrunk to' 10/8.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19320708.2.29
Bibliographic details
Auckland Star, Volume LXIII, Issue 160, 8 July 1932, Page 3
Word Count
135FARMER'S POUND. Auckland Star, Volume LXIII, Issue 160, 8 July 1932, Page 3
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. 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.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.