“IT’S AN ILL WIND”

Wanganui Chronicle, Volume 73, Issue 413, 3 November 1930, Page 8

“IT’S AN ILL WIND”

BENEFIT OF LOW PRICES CONSUMERS MORE ACTIVE GOVERNOR-GENERAL’S VIEWS [ Per Press Association. ] BLENHEIM. Nov. 2. Speaking in reply to Blenheim’s official welcome. Lord Bledisloe said: “We are passing through difficult times. There is an industrial depression in the Dominion as elsewhere throughout the world, but don’t let us be depressed in spirit. It is characteristic of the British that, to use a well-known expression, they ‘do not let their tails down’ in bad times. We have got to look up, not on the ground. I have every reason to be lieve that better times are coming, for we have to bear in mind that when prices are low the consumer all over the world becomes more active and products come into greater demand and therefore there is a prospect of prices rising. But there is no great advantage in having the prices of our products too high. Indeed, I believe that we are going back to pre-war prices and we have got to accommodate ourselves to it. It is well to remember that when prices are low the purchasing power of wages or incomes is increased. That is what we have to look for. If prices continue low, the cost of living comes down at the same time, so don’t let us be altogether depressed.’’

Later their Excellencies visited the Plunket building and rest rooms, war memorial, and Blenheim School where the Springlands children were also as semblcd, Marlborough College, where the party were entertained at morning tea. and the Convent School.

The Vice-Regal party wore entertained at luncheon by local bodies at the Masonic Hall, and visited the Show grounds in the afternoon.