CONTENTS xiii 



Chapter V. Improvement of Wheat by Selection in New Page 

 Zealand (contributed by F. W. Hilgendorf, D.Sc., 

 Biologist to the Canterbury Agricultural College). 



1. Historical . . . . . . . . 79 



2. Choice of a System for New Zealand . . . . 82 



3. Scheme of Work . . . . . . . . 84 



4. Experimental Error . . . . . . . . 86 



5. Details of Experimental Work . . . . . . 88 



6. Results .. .. .. .. ..92 



7. Further Work in Hand . . . . . . 94 



Chapter VI. History of Wheat Production in New Zealand. 



1. Early History .. .. .. ..97 



2. Period of Expansion . . . . . . . . 99 



3. Depression . . . . . . . . . . 105 



4. The Rise of "High" Farming .. .. ..107 



5. Cultivation and the Yield . . . . . . 108 



6. Cyclical Changes of Production . . . . 115 



(a) 1869-1876 .. .. .. ..115 



(Y) 1877-1886 .. .. .. ..115 



(c) 1887-1895 . . . . . . . . 116 



(d) 1896-1902 ... .. .. ..116 



(e) 1902-1913 .. .. .. ..116 



7. Relation between Supply and Price . . . . 118 



Correlation . . . . . . . . . . 121 



8. Competition of Other Industries for the Use of the 



Land .. .. .. ..123 



(a) Sheep-farming .. .. .. ..123 



(fc) Dairy-farming . . . . . . . . 127 



9. Competition of Other Countries 



Effect of English Prices on the Export of Wheat 



from New Zealand . . . . . . 129 



10. Conclusion . . . . . . . . . . 131 



Chapter VII. The Price of Wheat. 



1. General Remarks on Price Determination . . 133 



2. The Wheat Market . . . . . . . . 134 



3. Supply and Demand . . . . . . . . 137 



(a) Factors on the Supply Side . . . . 138 



(&) Factors on the Demand Side . . . . 139 

 (c) The Equilibrium of Demand and Supply . . 139 



