COMPENSATED PRICE
NATIONAL PARTY'S PLAN
The principle of the National Party's compensated price for farmers was briefly outlined by Mr. Cheviot Bell in reply to a question at a political meeting in St. Thomas's Hall, Newtown, last night. Mr. Bell said he had discussed the question with the Leader of the party (the Hon. Adam Hamilton), and was able to give an authoritative reply. Since 1914, he said, they had had a series of sharp fluctuations in prices overseas. The National Party recognised that it must.do somethmg to closeup the gap between the farmers overhead and his returns from overseas. It had, therefore, evolved the compensated price, which was a very different thing from the guaranteed price. The latter took nO cognisance of the dairy farmer's overhead, and he had found that the overhead had risen so rapidly that he was worse off than Defore- _.•>-!.,. "With the compensated price, he continued, "there will be a relationship between costs and prices. There is no desire to attempt to reduce the wages of the wage-earner, except so far as the wage earner must come into relationship with the producer in suffering market fluctuations that will inevitably occur from time to time. It will guarantee the farmer a minimum, so that he will have some safeguard against the savings and industry he has put in over a period of years."
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https://paperspast.natlib.govt.nz/newspapers/EP19380408.2.73
Bibliographic details
Evening Post, Volume CXXV, Issue 83, 8 April 1938, Page 10
Word Count
227COMPENSATED PRICE Evening Post, Volume CXXV, Issue 83, 8 April 1938, Page 10
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