“FALSE WOOL PRICES”
MR HOLLAND REFERS, TO SALE “Wool has gone to an unheard-of price in Christchurch to-day, and it is bad for New Zealand that we should have false prices," said Mr S. G. Holland, Leader of the Opposition, in an address last evening. The inflationary policy of the Government made those false values possible and had built up the income to a level which could spell only disaster when normal times returned. Nobody had dreamt of 80d per lb being realised for wflol. The Government made up the difference between the upset price and the prices obtained, he said. That difference came from taxation. That was why prices were so high. The local mills could buy all the wool they wanted at the high values and the Government made up the difference.
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Press, Volume LXXXIV, Issue 25679, 16 December 1948, Page 6
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134“FALSE WOOL PRICES” Press, Volume LXXXIV, Issue 25679, 16 December 1948, Page 6
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