WEALTH OF DOMINION.
CONSIDERABLE INCREASE SHOWN.
AVERAGE OF £553 PER HEAD.
In the computation of the latent estimate of private wealth an average was taken over the years 1921 td 1925. This yielded £744,603,998, representing £553 per head of the; whole population and £909 per head of persons of twenty years and over (practically the adult population). Going back a few years, it is int resting to recall .that an estimate of the private wealth in 1914, taking an average over the years 1908 and 1914, showed £285,485,829, being an average of £260 per head of persons of twenty years df age and over.
During the last eleven years the estimated private wealth of New Zealand has increased by practically £460,000,000. Notwithstanding that increasing values have been largely responsible for the phenomenal growth, the result of the comparison reflects a considerable increase in the prosperity of the country.
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Hauraki Plains Gazette, Volume XXXVII, Issue 5049, 8 November 1926, Page 2
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148WEALTH OF DOMINION. Hauraki Plains Gazette, Volume XXXVII, Issue 5049, 8 November 1926, Page 2
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