STIMULATE ENDEAVOUR.

Auckland Star, Volume L, Issue 191, 13 August 1919, Page 7

STIMULATE ENDEAVOUR.

AX APOSTLE OF PROFIT-SHARING.

-There is abundance of material availble just now for reconstruction of a crftmnent and satisfactory character it •o can only find a master builder whose lan will accord with the requirements f a New Democracy." said Mr. C. H. •oole. M.P. for Auckland West. "New ealand offers particular inducements wing to her position and resource, but ome"of the old commercial and indusrial conventions must go, and those who old with a tight, conservative grasp to Id methods are in danger of being mowed under' almost immediately. "Several very serious obstacles stand in he way of quick reform, and must be need in a heroic fashion. Over-eapitali-ation is a grave difficulty. Lands, comanies. organisations are II suffering more or less from inflated alncs an.f investments following the ,-atering of shares, making it more diftiult even- day for the real producer to ecnre adequate re=ults for skill invested y day labour. These concerns require ncreasing dividends and interest for sur-il-us investments, with the result that he operative is in danger of being overwrought, and the lack of increased fiiianial incentive makes him sore and disatisfiod. The profiteer is not only inndling the community's supplies, but. corse still, he is polluting the source by elfish and unfair demands. Land values irivo gone so high that murmurs and ignili.ant warnings are given 'by experts vho know the trend of affairs better ban the mass. "Production we must have, and as peedily as possible, so that the resources if our raw material must be exploited n the interest of the general good. A tetter system of graduated taxation on nennie and area must be adopted, and in ,-iew of largo profits already made till" nethod will have the dual result of timing revenue for an impoverished Treasury an.l breaking up areas and investments held by individuals of selfish notive. The result of the war has been :o secure fortune for one section of tho .immunity while impoverishing anothei sect ion. •'in co-operation with State ownershir ->f various utilities 1 have long advocator' t system of profit-sharing, knowing at the same time that this idea is strongh opposed by at least a section of the people. Tho groat incentive to manna and mental toil is reward, and the sliar ing of profits will increase output and m the same lime give satisfaction to tin producer. Where tried in a substantia and frank manner it has given good re suits. The display of balance-sheets in s simplified form to employees will help t. remove much suspicion that now exists Labour leaders condemn the strik. because of financial loss and grave dis order to individual and State. Therefor industrial reconstruction must find it success in some system where the craf of the producer will receive its propo return for the production of our nationa wealth and prosperity. "It will take a long time to reartjus affairs on tho proposed linos of co-opera tion. but now- is the time for the found.) tion to bo well and truly laid, and as i other parts of the world the content c the community will justify the exper mont. In conclusion, it may be. well t say that tho Treasury of a country ha its limitations, and State Department can break down and -offer great final rial loos if administered by incompeten leaders or overloaded by indiffcrer great results from Hie land.