TRADE AND FINANCE.
PRIVATE ENTERPRISE SHACKLED. AN EX-BANKEII’S VIEWS. (Per Press Associatin'. .> AUCKLAND, This Day. “I hope that a few years ahead may see the freeing of private - enterprise from its more irksome shackles,” said Sir James Grose, Wellington member of the executive, addressing the Conference of the Associated Chamber of Commerce. “I am firmly of the belief that healthy free enterprise, working with the minimum of restriction and removed from private monopoly and undue domination by the State, is the end to which we as a people should work if we desire the preservation of the democratic system of government.” . Sir James was speaking on the subject of trade and finance. He said that the industrial revolution had sounded the death knell of mercantilism. The management of monetary systems largely in political hands caused a widespread feeliing of instability and reluctance to undertake long-term commitments. Governments should afford all possible help to trade by keeping costs, including taxes, relatively stable, by not imposing burdensome taxation, and by avoiding undue strain on currency.
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Ashburton Guardian, Volume 59, Issue 21, 4 November 1938, Page 5
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173TRADE AND FINANCE. Ashburton Guardian, Volume 59, Issue 21, 4 November 1938, Page 5
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