INFLATION.
Sir,-Forty years ago every farmer in the South Island cut his tobacco, and every farmer’s boy skinned his rabbits, with a_ single-bladed, wooden-handled pocket-knife that cost one shilling. Yesterday I bought one of the same knives -same brand, same style, same maker, same rough strong job-for 6/9. Forty years ago a shilling represented an hour’s work by a highly skilled man, two hours by a labourer, or twelve rabbit skins fatted, stretched, dried, and bundled by a boy. I should not like to say how much labour it will buy to-day or what portion of a rabbitskin, but I have discovered that it represents about one-seventh -the spring, perhaps, or the wood-of a crude pocket-knife in the retail shops of Wellington. Perhaps I should not say "shops", since I wandered all over the city before I found one shop that had just one knife; and I unfortunately, had more than one shilling.
BUY MORE BONDS
(Wellington).
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New Zealand Listener, Volume 8, Issue 186, 15 January 1943, Page 3
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157INFLATION. New Zealand Listener, Volume 8, Issue 186, 15 January 1943, Page 3
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