STABILISATION
GOVERNMENT POLICY. FARMERS’ POINT OF VIEW. (By Telegraph—Press Association.) WELLINGTON, This Day. The Farmers’ Federation Executive on Friday last, meeting in Wellington, carefully considered the Government s stabilisation policy. It was unanimously agreed that the action the Government was proposing to take dealt with only one side of the problem and that such action would not deal effectively with the major danger which was threatening the economic structure of the country. After the matter had been thoroughly discussed the following resolution was agreed to: “That this Executive urges the Government to realise that, with excess purchasing power in the hands of the public, pegging of wages and prices can only be partly effective in achieving economic stabilisation. We therefore emphasise the necessity for reducing this excess purchasing power, by appropriate taxation and compulsory savings, this being essential and complimentary to wage and price fixation, if inflation, with all its dangers, is not to be accentuated.”
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Wairarapa Times-Age, 2 March 1943, Page 4
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156STABILISATION Wairarapa Times-Age, 2 March 1943, Page 4
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