CONTENTS x 



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. Eesults .. .. .. .. ..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 Eise 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. Eelation between Supply and Price . . . . 118 



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



8. Competition of Other Industries for the Uae of the 



Land .. .. .. ..123 



(o) Sheep-farming . . . . 123 



(6) 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 Eemarks on Price Determination . . 133 



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



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



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



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



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



