WAGE CUTS.

Auckland Star, Volume LXII, Issue 281, 27 November 1931, Page 8

WAGE CUTS.

(Published by Arrangement.)

Increase Under Labour Government? . - Mr. Downie Stewart is , out New Zealand as being cau 1 , .jj r moderate in all his statemeniD. - . Stewart himself has declared; policy , put before the public by • our party were 'given effect Zealand' would be faced vuth , a . default, repudiation, and insolvency . r There is no doubt that the . party, with its talk of repudiation organising of credits, would ad ditioa capital in the Dominion In their general policy, particu'a. y Socialistic programme, would so cate business and discourage e that trade would quickly g ■ a standstill. Insolvency would star, majority of business'houses j and a general tightening up would . the order of the day. . . '.• .v e ,p | With such a position obtaining . Zealand,, should the Labour * t3 ;j the Treasury benches,.further . would become inevitable, and .< | dismissals would take place w . ; tightening up of ,^P ital ,^i ol ibteair 1 on trade. Compulsion would un Taj,, create chaos, and the boast o our party that it would restore - ° cuts may in fact become just the-opp, j site. . . . {]ut : In-these eircumetances; it is . the warning by the Minister ox. is no light one, and jnust -be s< . -g considered when estimating the ' g a change of Government on ta e ; .