Page 3 Advertisements Column 3

Oamaru Mail, Volume XXXVI, Issue 11654, 8 June 1912, Page 3

high cost of living in japan. President Taft's proposal that an international conference be held to investigate the causes of high cost of living evokes much interest in Japan, where, according to the "Nichi Nichi," the prices of the necessaries of life have risen more alarmingly that in any other country. _ This journal quite agrees with Mir Taft in its belief that the increase of the cost of living is not restricted to any Mingle country, but is prevalent in all civilised lands, and it presents interesting statistics _ to verify this conclusion. Taking the prices of commodities in London, Pairis, New York, and Tokio in 1899 at the unit of 100, the journal shows their steady rise in the succeeding 11 yew's as follows: _ Year. Tokio. London. New York. Pans 1889. ... ICO 100 100 100 1900 107 114 109 108 ' 190? 101 101 105 102 ; 1902 102 98 111 103 1903 108 103 ' 111 103 1904 ... U4 105 111 101 ' 1095 ... 122 105 114 104: 1906 ... 126 U4 121 113 1907 ... 136 122 126 118 " 1908" ... 131 107 116 107 1909 ... 124 104 121 107 1910 ... 126 110 125 114 The table shows that Japan is the first to suffer from the high prices of commodities. This unfortunate situation, so far as' Japan is concerned, is attributable, the "Nichi Nichi" points out, to the abnormal increase of convertible notes as well ai| of taxation, but in the case of Europe and America this phenomenon is, it bekeves, no doubt due to the marked increase m the production of gold. The "Chugai Shogyo, another influential organ m Tokio, also regards Mr Taft's proposal as opportune and well advised but the "Yorodzu, a journal whose candidness often borders upon rudeness, declares that nothing good will come out of such conference as suggested by President Taft, laying the high oost of 'living to the extravagance of wealthv people, whose habits those with limited means are too eager to emulate.

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