NATIONALISATION
QUEENSLAND'S "HORRIBLE
EXAMPLE"
LONDON PAPER'S REMARKS.
fEMTEB nils association cepiniaur.)
(AUSTRALIAN • HEW ZBALAND CABLE ASSOCIATION.)
(Received October 7, 9.30 a.m.)
LONDON, 6th October
The Pall Mall Gazette, in a leader on "Natiorialisation —an Object Lesson from Australia," says that Queensland has dabbled in every public industry which seemed to promise revenue, with the consequence that taxation has been raised to an unheard-of height and the Treasury is left in the direst emptiness. Nationalisation, as applied in Queensland, has turned gold into lead. Undertakings which yield a profit in private hanAs become synonymous with a deficit when exploited by public autfiority. Commenting on Mr. Theodore's statement that the Government would appropriate dividends due in the State to outside 'nvestors, it says, "Mr. Theodore has been reduced to the naked methods of a. highwayman."
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https://paperspast.natlib.govt.nz/newspapers/EP19201007.2.47
Bibliographic details
Evening Post, Volume C, Issue 85, 7 October 1920, Page 7
Word Count
133NATIONALISATION Evening Post, Volume C, Issue 85, 7 October 1920, Page 7
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