MONEY GAINING VALUE.
FUTURE ECONOMIC SALVATION
LOWER COSTS OF PROTECTION.
[By TELEGIMHI—OWN correspondent. ] PALMERSTON NORTH, Wednesday.
" 1 am told that the farmers are pulling long faces," said tho Governor-Gen-eral, Lord Bledisloe, when opening the National Dairy Show to-day. " I do not think, as farmers, that we would bo comfortable if we did riot grouse a littlo. " Wo are credited by all sections of tho community, with having a pessimistic outlook," said His Excellency. "Do not lot us bo nicasurod by money as a purchasing basis. Steadily rising cash values are tho criterion of the industrial prosperity of tho nation or of, the individualWhat may bo lost in lowor prices may be gained in an increased turnover.
" Money is a mere token. Its value depends upon its purchasing capacity. Every pound which wo receive, for either our produce or our labour, will bo worth moro than it was before. With less monoy in our pockets we may bo better off.
" Unlike tho post-war economic period, our future economic salvation is not in the prices we receivo, although there is scope for improvement, but in roduced costs of production."
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Bibliographic details
New Zealand Herald, Volume LXVII, Issue 20594, 19 June 1930, Page 12
Word Count
187MONEY GAINING VALUE. New Zealand Herald, Volume LXVII, Issue 20594, 19 June 1930, Page 12
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