FLOW OF RISK CAPITAL
“Investors Must Be Given Incentive”
(New Zealand Press Association) WELLINGTON, Dec. 9.
The Government apd the bureaucrats must remember that the flow of risk capital was essential for the future development of New Zealand, said the chairman (Mr E. C. W. Nathan) at the annual meeting today of the Wellington Stock Exchange. Investors of that type of capital, he said, must be given the incentive of reasonable returns on capital invested and the prospects of future capital appreciation.
Mr Nathan, criticising this year’, taxation after the “irresponsible promises” of the Government in their bid for power, said that if the Government did not want to produce a state of stagnation in industry every effort must be made to reduce the rate of company taxation.
A reduction was necessary to encourage investment in, and expansion of, industrial enterprises. It would help to cushion some of the effects of import control, he said. Mr Nathan was re-elected chairman.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19581210.2.194
Bibliographic details
Press, Volume XCVII, Issue 28765, 10 December 1958, Page 24
Word Count
160FLOW OF RISK CAPITAL Press, Volume XCVII, Issue 28765, 10 December 1958, Page 24
Using This Item
Stuff Ltd is the copyright owner for the Press. 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 Christchurch City Libraries.