IN THE ECONOMIC MELTING-POT.

Hokitika Guardian, 24 July 1930, Page 7

IN THE ECONOMIC MELTING-POT.

“During these nine years of industrial uvy. uusiuii, i l is a moderate and cautious st-u cement to suggest that approximately (xt.'.'JJO/.jMO people- in , -tins country have lost, in income, a sum or not. Je«s—l am under-stating it nere—tiian ,t;/UU,OOU,OOO. That has oeeu admittedly the price to the masses in income of the industriali unueniably, side by side with that, there lias been a lali in produce-ns’ or commodity prieds. A iuii analysis of every held shows that tnat has not reached the consumer in the recall mantels, and accordingly there has been a. spread between the producer and the consumer which has been unjust. 1 am willing to admit umi lucre are injustices elsewhere, anu 1 recogiuse the purely static cweinent winc.i lias been introduced between the consumers and the producers, Transport charges have increased, and other burdens have grown, but it is the considered judgment of responsible economists that, even when tne fullest allowance has been made for this new static element between, producers and consumers, there is stiil too great a spread between the one end and the other in this country.”—The Rt. Hon, William Graham.