Story: Income and wealth distribution

Canvas factory, Palmerston North

Canvas factory, Palmerston North

Charles Dahl, the man in the suit fourth from right, is the capitalist in this photo from around 1896. He provided the funds that allowed a factory to be set up on Main Street in Palmerston North about 1885. The factory made ropes, tents, horse covers, tarpaulins and oilskin clothing. The profits from the business went to Dahl as the founding investor. The others in the photo are the workers, who were paid in wages. If the land on which the factory was located was owned by a third party, then rent for the use of the land would have been paid to the landowner. Rent on land, profits on capital, and wages from labour are the three forms of factor income as understood in the 19th century.

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Palmerston North City Library
Reference: 2007N_Bc33_WOR_0080

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How to cite this page:

Brian Easton, 'Income and wealth distribution - Factor income', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/en/photograph/23792/canvas-factory-palmerston-north (accessed 18 November 2019)

Story by Brian Easton, published 11 Mar 2010