Thoughts For The Times
The Ravages oe AY a it. ‘•'l’he exchanges show the disastroui effect of the war; gold is a mere commodity, and the hitherto accepted axiom that excess of gold means high, am the reverse, low prices, no longer applies, as commodities are valued in relation to notes and not t« gold, whic-1 no longer Hows to the country to restore equilibrium. Tho great fluctuations in the exchanges have no relation to gold. . . . Capital has been destroyed by war expenditure, and must be replaced so that the production of commodities may he increased, and when this takes place there will lie a return to normal conditions.’’— H. T. Easton.
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Hokitika Guardian, 21 April 1921, Page 2
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112Thoughts For The Times Hokitika Guardian, 21 April 1921, Page 2
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