FAMILIAR SPIRAL

Waikato Times, Volume 122, Issue 20463, 1 April 1938, Page 8

FAMILIAR SPIRAL

FRIOEB AND COSTS V EFFECTS ON FARMING (Special to Times) WHANG ARE I, Thursday “ Although the Government has succeeded In part of its monetary policy. In keeping interest rates low, it has disappointed in others,” stated Mr A. Briscoe Moore, president, in his report to the annual meeting of the Whangarei sub-provincial executive of the Farmers’ Union to-day. “ The familiar spiral of ascending wages with prices rapidly catching up, indicates that the Government has largely failed.” “ For decades the policy of successive New Zealand governments has been broadly termed socialistic, but the present Government has forced the pace and has aroused resentment in precipitately imposing on us measures which might have been more readily accepted at a slower rate of evolution,” he added'. “ A new principle was put into operation in the guaranteed price for dairy produce. In practice the price fixed has not given the farmer a fair deal in relations to others, either in financial returns or in the number of hours worked. We are labouring under the heaviest taxation we have ever had, some of it unfair in incidence and all of it tending to lift costs and restrict enterprise.” The meeting decided to urge the Government to recognise that the accelerated drift from the farms was having serious effects on the future, in lack of trained man-power and the checking of primary production, and that the matter should be dealt with as part of a national policy and not by patchwork efforts.