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WHICH NEXT ?

Published by Arrangement

SMALL BUSINESSES THREATENED Once extremist Labour politicians get under way they press on with State ownership in all directions. We are seeing this develop in New Zealand now at an alarming rate. The latest instances are nationalisation of banking and the airways. Not merely large financial institutions, but the small men also, are regarded as fair game by the Stateownership fanatics. Nobody is safe.

Look at what was done in Australia. The Queensland Socialist Government ran the following Stateowned undertakings, and suffered the following losses:— • LOSSES Government Butcher Shops .. 28,014 " ' Produce Agency . 18,686 " Fish Supply 36,012 Cold Stores 59,929 " Cannery 112,696 " Cattle Stations ... 1,669,904 " Smelter & Mines . 1,586,299 " Other ventures ... 156,889 £3,668,429 The actual losses (including uncharged interest) were £4,447,216, which had to be. found by the taxpaving public. The Queensland State trading experiment was such a shocking failure that it was discontinued, but not before the people had had their bitter lesson. Socialist extremists are the same the world over. Nationalisation of banking and the airways in New Zealand is only a start, and no one can look on disinterestedly and say it does not affect them. — Inserted by the Associated Chambers of Commerce of New Zealand.

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Permanent link to this item

http://paperspast.natlib.govt.nz/newspapers/AS19450721.2.127

Bibliographic details

WHICH NEXT ?, Auckland Star, Volume LXXVI, Issue 171, 21 July 1945

Word Count
202

WHICH NEXT ? Auckland Star, Volume LXXVI, Issue 171, 21 July 1945

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