Condensed Correspondence.

Auckland Star, Volume XXXIII, Issue 46, 24 February 1902, Page 2

Condensed Correspondence.

A. Sanford writing- on the subject of imports and exports says :— "Your correspondent, John Johnson, in my opinion, is substituting an economic 'fallacy' for what he supposes to be economic 'law.' In the first place it would be impossible under ordinary conditions of trade to pay the balance in coin, because the individuals who were liable may not have sufficient 'value' to give in return to those who happened to hold the coin. In case of depression fch« "balance' would likely be wiped out by the traders going- through the bankruptcy court. This ' want of confidence^ in our purchasing power would limit 'credit1 in all directions, and many people who had previously helped to consume imports would necessarily be forced into producing wealth until our 1 power to produce' again gave us credit." Our correspondent then enters into a lengthy and not verylucid disquisition on those abstruse subjects of exchanges and currency,

F. W. Burke, referring- to the Premier's remarks on the excess of imports over exports, quotes the case1? of Ireland and England, the former having- an excess of exports and the latter an excess of imports, as showing- that the fact of a country's exports exceeding- its imnorts does not always indicate that it is becoming poorer. He recommends the Premier to read Henry George's last book "The Science of Political Economy.''

John C. Earle replying- to a previous correspondent claims that the decalog-ue is part of the "Law of Moses," to which reference is made in the 15th chapter of Acts. This, our correspondent contends, liberates Christians from a literal observance of the law, which involves the doctrine of justification by works. "Justice " writes with reference to certain alleged breaches of the

award made in the case of the carpenters and joiners' trade- If he bring the facts under the notice of the Union, action will, no doubt, be taken.