FIFTY YEARS AGO.
SCARCITY OF MONEY.
SLUMP AFTER THE WAR,
(From the HERALD of April 16. 1566 '■
That money is scarce, employment, scarcer, and commerce less active than it was two years, or even one year, ago is too generally felt to be doubted. The scarcity of money is in great part to lie accounted for by the fact that the pay of some 15,000 troops and military settler*, hesides other large expenditure, consequent upon a state of active war, has now almost, or altogether, <eased to lie circulated, and consequently whatever that pay and expenditure amounted to is so much floating capital, or wages fund, withdrawn from circulation. Tho withdrawal of this large amount from circulation has greatly diminished the means of employing labour. At the same time it has thrown upon the labour market a. greatly increased number of men entirely dependent on daily wages for a subsistence.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19160415.2.94
Bibliographic details
New Zealand Herald, Volume LIII, Issue 16205, 15 April 1916, Page 9
Word Count
150FIFTY YEARS AGO. New Zealand Herald, Volume LIII, Issue 16205, 15 April 1916, Page 9
Using This Item
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.
Log in