THOUGHTS FOR THE TIMES.
FACING THE FACTS
Whatever the cause the facts must be faced. The fall in values of wool, butter, cheese,, meat and other of our primary products reduces the national income, and the redistribution of that income is our problem. If a small sheep farmer or the small dairyman spends £IOO less in the year because oi his reduced income, that reduction is reflected perhaps four or five times over in the course of transactions of the year. The traders in the farmei s town are obliged to spend £IOO less, and the merchant of the storekeeper in his turn spends so much less. Tf there is less to lie divided among trie people, it is obvious that the people must be content with loss. Here the Arbitration Court must recognise the necessity for this lesser division, but will it do so?
—Mercantile Gazette.
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Hokitika Guardian, 12 March 1930, Page 4
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147THOUGHTS FOR THE TIMES. Hokitika Guardian, 12 March 1930, Page 4
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