PRICE OF LAND
STILL TOO HIGH DEFLATION" MUST COME , (By Telegraph.) (Special to "The Evening Post.") UUNEDIN, This Day. At the annual meeting of Beai Estate Institute:of Otago tlie president (Mr. L. D.-'Bitchie) said that farm lands were not meeting with a ready sale, vand those '.associated with pas: toral and agricultural interests were very definite in/ their assertion that the price of land must be adjusted more in keeping with present-day prices for produce if the occupant was to receive a reasonable return on his capital' and labour. This country- had already suffered unduly from inflation of land prices, but ithe lesson involved was not readily learned. While conditions abroad, with the accompanying lack of purchasing power,' continued as at present, New Zealand, notwithstanding her many advantages, could not hope to have prosperous times. New Zealand's prosperity depended in great measuro on the markets for primary products, and when it was remembered that £o« the last financial year' the exports of wool were down by some £5,000,000 and other products by £3,000,000, making a total decrease of £8,000,000, the cause of dullness in business could 'be readily understood. . '■ -,
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Bibliographic details
Evening Post, Volume CIX, Issue 125, 29 May 1930, Page 8
Word Count
189PRICE OF LAND Evening Post, Volume CIX, Issue 125, 29 May 1930, Page 8
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