CONTENTS XV 



Page 



4. Labour . . . 197 



(a) Rural Depopulation . . . . 198 



(b) Movements in Rural Population .. ..199 



(c) Causes of the Relative Decrease in the Supply 



of Labour . . . . 200 



(i.) The failure of the education system . . 200 

 (ii.) Increased demand for town labour . . 201 

 (iii.) Higher town wages . . . . 201 



(iv.) Inadequate provision for married workers 202 



(d) Some Remedies .. .. .. ..203 



() The Importance of the Labour Problem . . 203 



5. Capital . . . . . . . . . 205 



(a) Definition of Capital . . . . . . 206 



(b) Financing of Farmers . . . . 207 



6. Organisation . . . . . . - . . . 209 



(a) Managing Capacity Necessary in Farming . . 209 

 (&) Methods of Cropping . . . . . . 210 



(c) A Rotation System . . . . . . 212 



(d) General Lay-out of Farms . . . . 214 



Chapter IX. Cost of Production. 



1. A Controversial Question . . . . . . 217 



2. Meaning of Cost of Production . . . . . . 218 



3. Rent . . . . . . . . . . . . 220 



The Difficulties of the Problem . . . . . . 222 



Previous Work in Estimating Cost of Production . . 225 



6. The Presentation of Data from Representative 



Farms . . . . . . . . . . 231 



7. Observations on the Relative Costs . . . . 235 



8. Cost of Production and Market Price . . . . 237 



9. Conclusion .. .. .. .. ..238 



Chapter X. Belated Topics. 



1. The Flour Millers 7 Association .. ' .. ..242 



(a) The Origin and Nature of the Flour Millers 7 

 Association . . . . . . . . 243 



(b) The Operations of the Association . . . . 245 



(c) Monopoly aimed at . . . . . . 247 



2. The Farmers ' Union . . . . . . . . 249 



(a) General Principles . . . . . . 249 



(b) The General Nature of the Union. 250 



(c) The Objects of the Union . . . . 252 



3. Protection for the Wheat Industry .. ..255 



(a) Protection in New Zealand . . . . 255 



(b) General Effects of Protection . . . . 257 



(c) Some Arguments for Protection to the Wheat 

 Industry . . . . . . . . 260 



(d) General Freetrade would Benefit the Farmer 265 



