LABOUR’S SHARE OF NATIONAL INCOME
DUNEDIN, Last Night (PA).-«-“Various people purporting to speak on behalf of Labour organisations have made statements which have been given wide publicity that Labour is not getting as big a share of the the gross income for the years 1939 said the chairman of directors of Donaghy’s Rope and Twine Company (Mr A. I. W. Wood) at the annual meeting of shareholders today. “I can say that such statements are not true of this firm. I have taken the gross innome for the years 1939 and 1949 and I find that in 1939 salaries and wages absorbed 61.25 per cent, of the gross income, and in 1949 68.75 per cent. Using the same figures- the shareholders’ share was 16.25 for 1939 and 12.08 per cent, for 1949. “The position will be accentuated in favour of the wage-earner by the recent increase in wages.”
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Wanganui Chronicle, 31 May 1949, Page 6
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148LABOUR’S SHARE OF NATIONAL INCOME Wanganui Chronicle, 31 May 1949, Page 6
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