COST OF LIVING
LAW OF SUPPLY AND DEMAND.
The following paragraph in the Financial Statement delivered by Sir Joseph Ward last night is full of interest :— "It seems almost impossible during war time, owing to the world wide increases in freights, added to the general increase of the first cost of <,'oods in the countries of origin, to hope for a general lowering of prices nntil the war is over. SimiW difficulties present thema&l'<'«s rsgardins our own produce, which, is, fortunately*
in general.demand. As prices are fixed by the law of Eupply and demand in all parts of the. world, it seems apparent tha-t only the lowering of values in the outside world can effectively bring about a. reduction of prices in New Zealand. If relief by the remission of Customs duties would have helped, this would have been proposed. It will be seen, however, that practically all articles of food and materials largely in use are already free of duty."
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Bibliographic details
Evening Post, Volume XCI, Issue 143, 17 June 1916, Page 9
Word Count
161COST OF LIVING Evening Post, Volume XCI, Issue 143, 17 June 1916, Page 9
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