PROGRESS OF AUSTRALIA
CAUSE OF HIGIT RENTS. I . I A BRIGHT OUTLOOK. \ Press Association—By Telegraph-Copyright. ' SYDNEY, March 6. } Giving ovidcuoc 'before tho Increased Rente Committee, the Hon. Mr UlilHtll said that the present high rents were chiolly due to the incren.se in the prico of labour and materials. 'Hie present prosperity of Australia, lw said,, was not ephemeral or extravagant. Tho products of Australia had received world-wide j recognition, and the Commonwealth was merely beginning to realise a larger share of the general prosperity than in the past. , Thero would probably be modifications of ( tlieir prosperity, but never anything liko j that state which followed tlio bursting of the l>oom. Mr Wilson, the Trade ('.omniissioner j from Hull, is grently struck by tlio phenomenal progress made, but says that • Australian producers must wake up to . tho fact that another port besides Lou- ' <lon requires their produce, otherwiso " .thero will bo a glut which will spoil tho market. Tlicro aro 50,000,000 people outsido l/ondon's area, and the distribution is better and moro cheaply reached from Hull than otiior out-ports.
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Otago Daily Times, Issue 15396, 7 March 1912, Page 7
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178PROGRESS OF AUSTRALIA Otago Daily Times, Issue 15396, 7 March 1912, Page 7
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