PRODUCTION IN 1949
Sir,—Your correspondent “J.E.T.” makes a useful point in suggesting an increase of primary production by ploughing back a certain proportion of profits, conditionally tax free if utilised in land development. New Zealand will not be allowed to hold a fertile food producing country only partially developed much longer without challenge from some of the hungry 1,000,000,000 Asiatics now only two or three days away from our shores. Mr Bruce Levy, a leading agrostologist, stated there sre some 5,000,000 acres of virgin lancL in scrub, fern, etc., awaiting development, with possibly half capable of being ploughed and used for milk or fat lamb production; but the farmer, after his experiences in thirties, declines to tackle longterm land development on short-term loan capital. Production is static because it comes only from land already developed. Responsibility for increase primarily lies in the hands of the chief tax-gatherer.—Yours, etc., Y.T.S. January 18, 1949.
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Press, Volume LXXXV, Issue 25706, 19 January 1949, Page 2
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152PRODUCTION IN 1949 Press, Volume LXXXV, Issue 25706, 19 January 1949, Page 2
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