“DAMAGE TO ECONOMY”
Dismissal Move Renewed ( N.2. Press Association) WELLINGTON. March 27. Suggesting that the Arbitration Court had misconstrued his ipplication for the dismissal of the application for a general order increasing wages by 10.4 per cento Mr A. P. O’Shea, advocate for the Sheepowners' Industrial Union of Employers, today again submitted that on the Federation of Labour's own admissions. the economic stability of New Zealand could not be promoted by granting the application, and that it should therefore not be granted “I did not ask the Court to decide ’whether the economic stability of New Zealand will be promoted' by the granting of the application." said Mr O'Shea.
The FO.L had admitted there was a “serious state of affairs" in the economy Therefore, any addition to the quantity of money would accentuate the danger of inflation, and -ould not “promote the economic stability of New Zealand " Unless the Court was satisfied hat ’he economic stability of New Zealand would be preserved by granting the Dedication for a wage increase it could not consider such ancillary matters as cost of living and productivity, said Mr O’Shea
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19620328.2.123
Bibliographic details
Press, Volume CI, Issue 29783, 28 March 1962, Page 14
Word Count
186“DAMAGE TO ECONOMY” Press, Volume CI, Issue 29783, 28 March 1962, Page 14
Using This Item
Stuff Ltd is the copyright owner for the Press. 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 Christchurch City Libraries.
Log in