VALUE OF MONEY.
ARBITRATION COURT'S POSITION. "We have got into the habit of speaking of an increase in pay as a benefit to tho receiver," said Mr. J. M. Wilson, of Auckland, at the Industrial Corporation Conference, which sat iu Wellington yesterday. "That is not necessarily so: it depends on the purchasing power of the money." _ Mr. Wilson complained that no attempt had been made by the Arbitration Court of New Zealand when deciding industrial questions to explain this matter. The Court simply said: "So much a day." And so a wrong impression had got abroad; Mr. Wilson thought that tho subject was one which might bo taught in tho schools. Prevalent ideas on tho subject were, ho said, certainly doing a great deal of harm. As the niembers of tho conference had not had time to consider the matter, the remit introducing it was put down to th« bottom of the order paper. However, it was not discussed even when tho end of the programme-was reached.
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Dominion, Volume 5, Issue 1554, 25 September 1912, Page 6
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167VALUE OF MONEY. Dominion, Volume 5, Issue 1554, 25 September 1912, Page 6
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