PURCHASING POWER.
(To the Editor.) Sir, —Replying to the query of Mr Povall regarding the wool clip sold last season for £10,083,297, can we see a reflection In the increase of general trade, apart from other increases of income from other sources, from the payment of this amount? This figure does not represent an increase in purchasing power to the community generally. Apart from taxes, etc., how much of this figure was earmarked to pay off bank overdrafts? How much was used in paying off old debts? llow much was spent in reducing hire purchases, etc.? Even if this amount were all purchasing power, based on the basic shortage of purchasing power in 1932, we would still be about £40,000,000 short. —I am, etc., SOCIAL CREDITOR. Hamilton, July 21.
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https://paperspast.natlib.govt.nz/newspapers/WT19360723.2.102.2
Bibliographic details
Waikato Times, Volume 119, Issue 19945, 23 July 1936, Page 9
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129PURCHASING POWER. Waikato Times, Volume 119, Issue 19945, 23 July 1936, Page 9
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