PROTECTION IN YOUNG COMMUNITIES.
[“NEW ZEALAND HERALD.”] The March number of the Foftnightly Review contains a thoughtful and carefully-written article on “ The Results of Protection in Young Communities,” by Mr George Baden-Powell. In it the writer shows the results of free trade and protection, as evidenced by the official records of New South Wales and Victoria, and as the' future prosperity of New Zealand will largely depend on the policy she adopts, we cannot do better than observe which has proved advantageous and which detrimental elsewhere. The period under review is the decade, 1870-80, and the writer begins by showing that in 1870 the two colonies were in much the same position, and that, if either ,had an advantage, it was Victoria, as the amount of gold found there had attracted a larger population, the consequence being that the railway system, and indeed all the facilities of life, had reached a higher state of development than in New South Wales. The results of the decade are divided into three classes —l. Manufactures. 2. Revenue. 3. General • prosperity and growth. 1. Manufactures— The object of protection is professedly to foster those industries which result in the production of commodities other than food and raw material. And the plea is that, except for such fostering, these industries will be slow to rise in
the community. The evidences are to be seen in the employments of the people and of capital; in the output of manufactured articles, and in the number and kind of manufactures developed. We find that at the end of the decade there were 25,000 people, being 3.7 per cent, of the population employed in manufactories in New South Wales, and 28,000, being 3.2 per cent, ol the population similarly employed in Victoria, so that the colony pursuing a free trade policy shows a slightly larger proportion of its population engaged in manufactures,
despite the fact that there are 20,000 less people engaged in gold-mining in Victoria than at the beginning of the decade, a large proportiou of whom would be available for other employments. 2. Revenue: During the decade the amount derived from Customs duties in New South Wales has gradually risen from L9so>o°o to Lx,300,000, while in Victoria the amount has merely fluctuated slightly, with a downward tendency, and is now Li,400,000, so that it is apparent that New South Wales, with a free trade policy, but a smaller population, has raised an increasing revenue from Customs duties, whilst Victoria with -a policy of protection, but a larger population, has shown no increase. • 11 3.
General Prosperity and Growth : A regards external trade, it is found that during the decade that of New South Wales has steadily increased Li 0,500,00 —from Li 9,000,000 to 1.29.500.000, while that of Victoria has fluctuated much, and has increased only 1.3.000. —namely, from L2 7,600,000 to L 30,500,000. Ten per cent, profit on each trade would mean an addition to the annual income of New South Wales of upwards of Li,000,000, and to that of Victoria of rather less than 1.300.000. During the decade, the imports of New South Wales increased in value from 1,9,000,000 to Li 4,000,000, or about 60 per cent., while those of Victoria increased from Li 2,500,000 to Li 4,600,000, or about 20 pe* - cent. A proportionate increase in the amount of shipping is the natural result of this increase in imports. In regard to population, New South Wales has increased from 520,000 to 740,000, in the proportion of 48 per cent.; while Victoria has increased from 730,000 to 860,000, or only 17 per cent.
The Savings Banks’ returns show that in New South Wales the deposits have increasedL93o,ooo t0Li,500,000, the number of depositors from 21,000 to 32,000, and the average amounts to the credit of depositors from 144 to L 47, whereas in Victoria the deposits have increased from Lx, 100,000 to 1,1,600,000, the number of depositors from 38,000 to 76,000, but the average amount to the credit of depositors has decreased from L29toLl 5. This latter result is probably due to the fact that the rate of wages is higher in New South Wales than in Victoria, while the necessaries of life cost less, w’hich also accounts for the fact that the number of marriages has increased by onethird in New South Wales, but only by one-eighth in Victoria, though the proportion of women to men is larger in the latter than in the former colony. The gist of the whole of this article may be summed up in one sentence. It is proved by facts and figures that, during the decade, New South Wales, pursuing a free-trade policy, has made much more rapid progress in everything w’hich constitutes wealth and prosperity than Victoria, which has adopted a policy of protection.
How Talmaoe Puts It.—Dr Talmage, during the course of a sermon which he preached after sentence had been passed on the assassin Guitcau, said ;—Two or three things we want immediately to be done First, a law passed that if a man shall either successfully or uusuccessfully attempt to destroy the life of the President or a member of the Cabinet or a Governor, he shall be tried by Court Martial and immediately shot or hanged. One or two hundred thousand dollars of the people’s money is too much to expend in killing one adder. The machinery is too big and cumberous, and unwieldy, and costly, for such a result.
Holloway’s Ointment and Pilis.— Glad Tidings. Some constitutions have tendency to rheumatism, and are through the year borne down by its protracted torture Let such sufferers bathe the afflicted parts with warm brine, and afterwards rub in this soothing Ointment. They will find it the best means of lessening their agony, and, assisted by Holloway’s Pills, the surest way of overcoming their disease. More need not be said than to request a few days’ trial of the safe and soothing treatment, t>y which the disease will ultimately be completely swept away. Pains that would make a giant shudder are assuaged without difficulty by Holloway’s easy and inexpensive remedies, which comfort by moderating the throbbing vessels and calmpng the excited nerves.—Advt
Permanent link to this item
PROTECTION IN YOUNG COMMUNITIES., Ashburton Guardian, Volume III, Issue 661, 13 June 1882
PROTECTION IN YOUNG COMMUNITIES. Ashburton Guardian, Volume III, Issue 661, 13 June 1882
Using This Item
See our copyright guide for information on how you may use this title.