INFLATED LAND VALUES

Wanganui Herald, Volume LIII, Issue 160795, 1 November 1920, Page 3

INFLATED LAND VALUES

“THERE MUST BE A FALL.” Recently Major Norton, managing director of the Bristol and Dominions Producers’ Association, warned the‘farmers of the Wairarapa district that inflated land values could not last and must come down. A business man and a consumer iu close touch with the, man on the land and the markets of the world, said New Zealand producers were in for a had twelve-months, but there was *llO need to grow pessimistic about it, as the Dominion was a wonderful country, and matters would right themselves. One thing, however, could not be stressed too much, and that was the unreasonable price of land. The ■prices paid for farming land were altogether too high and must come down. People ware, in his opinion, foolish to pay such prices as £IOO and even ,£l2O for farming land. Dairying was the only possible excuse for such figures, and it would, be folly tq gauge values on that industry.' tt was a mistake, to have all your eggs in one basket.