182 THE BOOM OF 1919
rent charge, but rather the reverse. The net effect was, of
course, that the excessive rent charge was passed on to industry
as an important factor in the rising costs of production in the
two ways here indicated, viz. cost of living and cost of site ; and
the check to business after 1920 owing to the fall in prices must
have been intensified by the inertia of rents.
See Anderson, The Fixation of Wages in Australia, p. 263.