‘MONOPOLY’ CRITICISED
Social Credit View
(N.Z. Press Association) WELLINGTON, Nov. 7.
The present agreement under which the Nelson cotton mill would be established created a virtual monopoly without specific safeguard against high initial prices or increasing future prices, said the- president of the Social Credit Political League (Miss M. H. M. King) in a supplied statement issued today.
The agreement was a legacy from the Labour Government’s policy of building up secondary industries irrespective of cost or consequence, she said. It would affect the New Zealand consumers because they would be denied the right of choice outside of the range of goods the company would manufacture. “The farmers, too, will lose, because of the high cost of meat wrapping material and also because much cheaper cotton goods available from Japan and the Near East would be a basis for reciprocal trade,” said Miss King.
Oamaru Protest
A strong protest will be made by the Oamaru Chamber of Commerce against continuation of the Nelson cotton mill project, and, at a meeting on Monday, it was decided to make urgent representations to the Prime Minister (Mr Holyoake) and his colleagues on the ground that the industry would be uneconomic.—(P_A.)
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19611108.2.122
Bibliographic details
Press, Volume C, Issue 29665, 8 November 1961, Page 15
Word Count
197‘MONOPOLY’ CRITICISED Press, Volume C, Issue 29665, 8 November 1961, Page 15
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.
Log in