SECONDARY INDUSTRIES.
Most misleading statistics of secondary industries have been quoted in the Press recently, figures emanating from Australia but applied to New Zealand. To quote increased local output at a money figure is to ignore inflation of local valae3 due to Customs taxation, to ignore the revenue derived from imports and to ignore the exports killed by increased internal costs. Almost the only local secondary industry of importance which is able to hold its own against imports is that of cement manufacture, the total natural and artificial protection of which is well over one hundred per cent. Generally speaking, protection, both in Australia and New Zealand, increases costs above the total wages paid.in.' the protected industries. There is little sense in quoting figures of production, whether i'i primary or secondary industries, if the price levels of periods compared are not the same. Industries which exist by exporting have to compete under a handicap. " The protected secondary industries call the tune and the exports pay the piper. A. E. ROBINSON.'
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19300603.2.55
Bibliographic details
Auckland Star, Volume LXI, Issue 129, 3 June 1930, Page 6
Word Count
170SECONDARY INDUSTRIES. Auckland Star, Volume LXI, Issue 129, 3 June 1930, Page 6
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.
Log in