INFLATION OF LAND.
DEFLATION OF ITS PRODUCT. WELLINGTON, January 14. There had been no official return as to the average butter-fat production per coav since 1916-17, stated Mr J. A. Young (Waikato) in the House of Representatives yesterday. It seemed that the valuation of dairying land was now being based, not on the productivity of the land, but on the productivity of the cow, and that the basis taken for the valuation was far higher than that of the average cow. The question was of such great importance, owing to the inflation of land values aud the deflation of the product of the land, that it was necessary, he urged, to have later information as to the average butter-fat product per cow than that afforded by the return of 1916-17. The Hon. W. Nosworthy (Minister of Agriculture) replied that it would take a long time to compile the information desired, but the department would let the lion, member have it as soon as possible.
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Bibliographic details
Grey River Argus, 19 January 1922, Page 6
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164INFLATION OF LAND. Grey River Argus, 19 January 1922, Page 6
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