"Disturbing” trend
The lack of growth in the numbers of dairy cows and breeding ewes over the last six years was described as a disturbing trend in the economic review of the Bank of New Zealand’s annual report. tabled in Parliament yesterday. Dairy production, the report said, had declined mainly because of severe drought, for the third year in succession. Sheepfarmers’ incomes had remained at a relatively
? high level for the second 1 successive year, because of t favourable prices for meat i and wool. The industry had - agreed to a Government f request for an anti- - inflationary measure, volunr tarily putting sB3m in farm! stabilisation accounts. “As New Zealand is sol 1 dependent upon primary i 2 production, inflation and the r static level of farm livestock are the two major economic; s problems confronting the; 1 country,” the report said. I
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Press, Volume CXIV, Issue 33625, 29 August 1974, Page 12
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143"Disturbing” trend Press, Volume CXIV, Issue 33625, 29 August 1974, Page 12
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