THE Daily Telegraph WITH WHICH IS INCORPORATED THE WAIHI MINER WEDNESDAY, JULY 14, 1920. THE SOARING PRICES.

Waihi Daily Telegraph, Volume XVIII, Issue 5963, 14 July 1920, Page 2

THE Daily Telegraph WITH WHICH IS INCORPORATED THE WAIHI MINER

WEDNESDAY, JULY 14, 1920. THE SOARING PRICES.

Hern shall the Press the People's Right maintain, tJnawed by influence and unbribed by gam Hero Patriot Truth her glorioug precepts draw, Pledged to Religion Libert? and Law.

It ijs rarefy that- increasois in the prices of essentiafe or commodities esOtfpe criticism so easily a>> those just imposed in connection with bread and .sugar. As to the price of bread, the public are apparently satisfied tjlaat tke ' Board of Trade places 'the question i'airly when it /states that the shortage or wheat and higher rate of purchase In* made fhc increase imperative. In the matter of an increase- had long been expected, and judging by the incessant demands for sugar in a, : il parts of the country, and the ingpniom devices used to secure supplies, the family bins have boon specially wtfll stocked to meet the eimergenciy, In view of this putting by for a, '-'rainy .day" the average resident in consoled by the fatt I hat he has substantia! reserves to work upon, iwul that perhaps by th ; e time tile reserves we finis-heel he wi'll have learned sufficiently ol the art of economy to enable him to do with 'less sugar. ' It was stated in the House the other day ', that the Sugar Refining Company was : ]•.■•«king a- million pounds out o-i' recent j transactions, and the Prime Mini-tor ' seemed to agree that that was about \phit amount; but as Now Zealand has ho Jurisdiction over the Sugar Company J the Board of Trade cannot intervene,, and so the price must W paid. The Go-{vcrnme-nt has undoubtedly done flip best J it could with a hard bargain. It was a question of signing at the price or going without. There is some: comfort in the knowledge, that as compared with sugar prices c'fscwbere New ZeaAand is sf.il' well favoured, for even, with the present increase the price is lower than in any oilier country. Tflio sugar supply :.ll the world will have to l>e re-created to the position it was in before, the war, which .means that , Germany, Austria, find Russia must'be' rehabilitated to produce- the surplus of beet sugar which they produced then. How that rehabilitation is to bo brought about is taxing tl4 minds of Allied '.statesmen. Until peacb land industrial prosperity ar? restored to tb? world, gugay' cojj-

.sumei's will have to pay anything be j tween 6d and Is a pound for the commodity, and think themselvefe lucky to j get it. It is uscfess to rail against the profiteers of Cuba,, Java, or Fiji. The j real persons to blame nr e the promoters of the war, who upset the whole economy j of Europe, and the Bolsheviks, who are ' prolonging the worJd'fj agony and prcI venting a retAirn to healthy conditions.