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Salient. An Organ of Student Opinion at Victoria College, Wellington, N.Z. Vol. 13, No. 11. June 8th, 1950

Found 2/6

Found 2/6

Secondly I assert that the consequent readjustment of wages and prices [unclear: will] not seriously disturb our economy. If the subsidy [unclear: scheme] avoids increases in the cost of living multiplied to a far greater extent than the [unclear: subsidies as] JB argues, why did Mr. Nash and Sir Stafford [unclear: Cripps attempt to keep—subsidies.] down? Surely an increased expenditure on subsidies would reduce by a far greater extent the Inflation now existing? No—an additional £12m, less than 2/6 per head per week, will not have the effects (in my view) that JB suggests.