MANUFACTURERS' STATEMENT
"Mr. H. H. Higgins, president of the Wellington Manufacturers' Association, who left for Sydney last night, has asked me to tender an apology for his absence from this meeting, with the object of which tie is in entire sympathy," stated Mr. A. W. Nisbet, the secretary of the association. "Mr. Higgins has deputed me to submit the following statement to the meeting on behalf of the Wellington Manufacturers' Association: —
1 "'That while in full sympathy with the Government and its desire to pr6r vide social security for the people of New Zealand, the Wellington Manufacturers' Association views with alarm and apprehension the Government's action in making a levy of Is in the £ on company profits, the imposition oi such, a levy being an admission of the financial unsoundness of the scheme as originally submitted. The Wellington Manufacturers' Association objects to the levy:—
1. Because of the inequality of its operative affect.
2. Because it will be an intolerable additional burden on manufacturing concerns that are already in many instances unable to compete with imported goods; and
3. Because its inevitable effect must be, not only to divert capital from new industrial enterprises, but to cause its withdrawal where such 'withdrawal is possible from existing ones. r ,
"The proposal can have no other effect than to retard that expansion of manufacturing industries in- New- Zealand which the Government has re^ peatedly. stated is one of the main planks of its own platform."
MANUFACTURERS' STATEMENT
Evening Post, Volume CXXVI, Issue 60, 8 September 1938, Page 10
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