COMPENSATED PRICE
(To the Editor.)
Sir,—l wish to express my agreement with the appendix to my previous letter and wish to carry the subject to the end of your points. Your fear of a continued spiral of rising costs and compensation is well grounded and we must examine compensated price to see if this is a tendency. I claim that not only is this foreign to the case but the only impulse to lower costs that we have today in sight. A Government which can go on awarding higher wages and higher tariffs to cover those wages will naturally be free from responsibility but a Government which has to give compensation to exporters will be constantly on guard against rising costs with every desire to see them lower. I admit that a demand for a mere higher guaranteed price would be a source of danger as an inducement to inflated costs but the compensated price which is based upon the gap between farm costs and farm prices is an inducement to lower costs and is indeed impossible of fulfilment through a spiral rise.—l am, etc., C. E. C. WEBB, Levin, June 17, 1938.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19380620.2.65.4
Bibliographic details
Evening Post, Volume CXXV, Issue 143, 20 June 1938, Page 8
Word Count
193COMPENSATED PRICE Evening Post, Volume CXXV, Issue 143, 20 June 1938, Page 8
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in