SOCIALISM GOAL.

Auckland Star, Volume LXIX, Issue 226, 24 September 1938, Page 12

SOCIALISM GOAL.

ISSUE FOR ELECTORS.

MR. HAMILTON'S WARNING

(By Telegraph.—Own Correspondent.) CHRISTCHURCH, this day. The fundamental issues on which the Government and the National party differed related to private or State ownership and individual freedom or State dictation, said the Leader of the Opposition, the Hon. A. Hamilton, in his address last evening. "011 the one liaud," he said, "the Labour party is out to break down and destroy the existing economic order and substitute for it a system based on unadulterated, revolutionary socialism, with State ownership of property, industry and trade, and direction of its operations by the workers themselves. They seek to destroy private investment in industry by taxing it out of existence and removing all incentive to invest money in industry. "On the other hftnd, the National party believes in the present system of private enterprise and seeks to develop it in accordance with the philosophy of personal freedom, initiative, thrift and private-ownership of all property, with the right of investments to earn a reasonable return, commensurate with the nature of the investment and the risk involved.

"The National party regards the Government as the authority to see that reasonable conditions are observed in the conduct of trade and industry, and that abuses, inimical to the public interest. are not permitted.

"Wherever possible, the Government should co-operate with private enterprise, with a view to providing an even better service to the people.''