FARM PRICES
IN THE UNITED STATES president holds up bill. ON ACCOUNT OF INFLATIONARY EFFECT. (By Telegraph—Press Association —Copyright) WASHINGTON, April 2. President Roosevelt has vetoed the Bankhead Bill, which increased farm prices by excluding' Government benefit payments in calculating parity prices. President Roosevelt said he was compelled to take this action in a deep conviction that the measure is inflationary and breaks down barriers which have been erected and which must be maintained to avoid inflation disasters. The President urged Congress to stand by its declared policy to stabilise all prices and wages. He contended that the measure would give farmers an unwarranted bonus at the expense of consumers and pointed out that farmers are substantially better off than they were in the last war, but will not remain so if an inflationary tornado is set 10 The Bankhead Bill passed both Chambers by large majorities, despite Administration warning that it would increase the nation s annual food till by 1,500 million dollars.
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Wairarapa Times-Age, 5 April 1943, Page 3
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164FARM PRICES Wairarapa Times-Age, 5 April 1943, Page 3
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