NEW ZEALAND PROBLEMS
ADJUSTING FARMING COSTS COMPARISON WITH igi4 FIGURES. COSTS UP; EXPORT PRICES DOWN. By Telegraph.—Press Association. Invercargill, Last Night. New Zealand for years had been compiling statistics to adjust the wage standard to meet the cost of living, but the time had arrived when New Zealand’s great task was to adjust the difference between export prices, vvhicli were the farmers’ wages, and the cost of 'farming, said the lion. Adam Hamilton, Minister of Labour, at the opening of the Southland show to-day. The latest figures he had, Mr. Hamilton said, showed that the cost of living was '42 per cent, above that of 1914, Wages were 47 per cent, above those of 1914, farming costs were 57 per cent, up, export prices were 10 per cent, down, and British wholesale prices were 7 per cent. down. The Minister added that in his judgment there were no figures that stated the position more plainly than those, and it was an adjustment of those figures that was New Zealand’s great problem.
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Taranaki Daily News, 10 December 1931, Page 7
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171NEW ZEALAND PROBLEMS Taranaki Daily News, 10 December 1931, Page 7
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