SITUATION IN INDIA
PROFSTEERING AND SPECULATION. ECONOMICAL ADJUSTMENT NEEDED DANGERS OF SOCIAL UNREST. (The Times.) Received January 15, 9.45 a.m, ROMRAY, Jan. 12. A cotton workers' strike is symptomatic of the urgency for economic readjustment throughout India. The cost of food has increased 102 per cent, compared with pre-war prices, while the mill wages have only gone up 40 per cent. Profiteering and land speculating have aggravated the situation and middle-class people's lives have become desperately hard. The Nationalists may possibly foment unrest, but in this they could not succeed if genuine grievances did not exist. The mill owners, while favouring it, are anxious to postpone the introduction of a ten-hour day, with a view to the need, of meeting the abnormal pressure of orders. The present is the greatest trade boom.since the 'sixties. The profits of some mills are 400 per cent. There is an unprecedented demand for imports of goods which the Americans are largely contributing.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WT19200115.2.44
Bibliographic details
Waikato Times, Volume 92, Issue 14264, 15 January 1920, Page 5
Word Count
158SITUATION IN INDIA Waikato Times, Volume 92, Issue 14264, 15 January 1920, Page 5
Using This Item
Stuff Ltd is the copyright owner for the Waikato Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.