RETAIL PRICES "UNDULY HIGH"
Sir Norman Kater, a.; member of the Producers' Advisory Council) Australia, holds that oversea financiers, and economists pointed but that delay' in bringing retail prices down in full sympathy with the fall in prices of primarw products was. one of the main!''factors-in the general depression.. "It was clearness of manufactured merchandise and1 not shortage of gold which had ;caused .the fall in the purchasing power of primary products, and had upset the working of the gold standard. '....' '.'"•' ■"■'■. "It all comes hack to a matter of .costs, Sir Norman maintained, "and this is just what the Producers' Advisory Council is emphasising throughout the country. The bale of wool or the bushel of: wheat will buy fewer manufactured articles, because the prices of wool and wheat are down, while the retail prices of manufactured articles' remain comparatively high. Consequently there is less employment in factory and shop and in services; Retail prices are being kept unduly high in Australia by excessive governmental expenditure, high railway freights, taxation, the tariff, wages, and interest." .
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Evening Post, Volume CXI, Issue 70, 24 March 1931, Page 12
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174RETAIL PRICES "UNDULY HIGH" Evening Post, Volume CXI, Issue 70, 24 March 1931, Page 12
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