BUILDING PRICES HAVE REACHED PEAK

Wanganui Chronicle, 30 September 1947, Page 4

BUILDING PRICES HAVE REACHED PEAK

(P.A.) • Auckland, Sept. 29 The opinion eipressed by delegates attending both the British and United. States Building Societies' Conferences was that the cost of building had reached its peak at the present time, said Mr. W. Arcus, of Wellington, who returned to New Zeaalnd on the Pan-American clipper. Mr. Arcus, who represented New Zealand societies at both meetings, said it was felt at both conferences that within about five years prices for building would be about 85 per cent, of the present figure. The conference in the United Kingdom was held at Scarborough (Yorkshire) said Mr. Arcus. The most serious problem discussed was the housing position, which was as acute in England as it was in the Dominion, mainly because of war damage. Mr. Arcus said he was also secretary of the Wellington Football Association, and in that capacity had discussed with the English officials ways of improving the standard of soccer in New Zealand. A conference would be called in London at the time of the Olvmpic Games next year of delegates from the constitutent countries of the British Commonwealth, at which plans for reciprocal tours of teams from the countries represented would be considered.