PRICE OF TEA
SUBSTANTIAL INCREASE IN PROSPECT. WITH SERIOUS SHORTAGE OF SUPPLIES. (By Telegraph—Press Association.) WELLINGTON, This Day. Tea is likely to increase in price by at least 8d a pound, according to information received in Wellington yesterday from merchants. They declare themselves to be definitely short of tea, and to a degree not previously experienced. During August, it was stated, they could not order outside New Zealand, though they wanted to. The orders were not accepted because the sellers did not know when they would get payment. There was no question of holding tea in anticipation of a rise; there was just not the stocks. The price in Colombo had risen eightpence to ninepence a pound, and im’port licences were being issued only for the same value as in the last period. The result was that less could be bought and there would probably be a shortage of 3,000,000 to 4,000,000 pounds. Regarding the statement by the Minister of Supply. Mr Sullivan, that there were sufficient supplies, merchants asked where these were. They had not got them.
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Wairarapa Times-Age, 31 October 1939, Page 5
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178PRICE OF TEA Wairarapa Times-Age, 31 October 1939, Page 5
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