WOOL PRICES
INJUSTICE TO GROWERS IN HOLDING BACK INCREASE. ASSERTED BY OPPOSITION LEADER. (By Telegraph—Press Association.) WELLINGTON, This Day. In the House of Representatives today the Prime Minister (Mr Fraser) moved- the second reading of the Finance Bill. The Leader of the Opposition (Mr Holland) said the Bill gave the House an opportunity to discuss the grave injustice done to woolgrowers by the withholding of ten per cent of the increase in the price of wool. The increase was granted to compensate growers for increased costs of production. The workers’ wages had gone up, but there was no suggestion that a portion of those wages should be held back..
The Minister of Agriculture, in response to interjections, said he had received confidential information from Australia that one of the reasons for the wool price increase in Australia was to safeguard Australia’s sterling balance during the war period. To enable the New Zealand wool growers to get the extra fifteen per cent, the Minister added, either the taxpayer or the consumer in New Zealand would have to pay about £200,000 which would have to be found out of the Consolidated Fund. That would cause inflation.
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Wairarapa Times-Age, 17 October 1942, Page 3
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194WOOL PRICES Wairarapa Times-Age, 17 October 1942, Page 3
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