PRICE REDUCTIONS.
MERCHANTS AGREE ONLY COURSE
(By Telegraph.—Press Association.)
WELLINGTON, This Day,
A meeting of representatives of the business, manufacturing and trade associations, convened by the New Zealand Employers' Federation for the purpose of bringing about a general reduction in prices in the event of the Arbitration Court deciding in April that a reduction in wages was justified, was held in the Chamber of Commerce yesterday afternoon. All present concurred in the view that a universal reduction in prices was the only way to ensure the re-establish-ment of trade on a s'afe and prosperous footing, and to obviate unemployment. It was emphasised that reduction in prices would mean that no reduction in the money rate of wages would be felt, nor would it entail any loss of purchasing power.
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Bibliographic details
Waipa Post, Volume XXI, Issue 1210, 25 February 1922, Page 5
Word Count
129PRICE REDUCTIONS. Waipa Post, Volume XXI, Issue 1210, 25 February 1922, Page 5
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