“BETTER TO SELL OUT"
Sheep Farmers’ Problems
(N.Z. Press Association) WELLINGTON. April 18. The average sheepfarmer today would be better off to sell out and put his money into public loans, the secretary of Federated Farmers (Mr A. P. O’Shea) told the Kaipara sub-provincial annual meeting at Warkworth today. Mr O’Shea said this when mentioning that at the last hearing of the general wage order application it was said in evidence that, if interest at 5 per cent, on current values of assets employed in sheep farming were allowed, the labour return of the average farmer in the survey would be £BOO or £9OO a year.
“This, it has now been decided, is the salary for a senior shorthand-typist.” Mr O’Shea told the meeting.
He said that in those circumstances it would pay the farmer to sell up. invest in public loans and get a job in a rubber manufacturing company that would give him more than £lB a week without overtime and still be better off.
“This is a poor outlook for the people engaged in our most efficienit industry." Mr O’Shea said.
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Bibliographic details
Press, Volume CII, Issue 30110, 19 April 1963, Page 10
Word Count
184“BETTER TO SELL OUT" Press, Volume CII, Issue 30110, 19 April 1963, Page 10
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