Restoring Prosperity By Restoring the Wages Cut We believe that the restoration of prosperity depends largely upon the employers of labour. How can the ordinary citizen, wholly dependent upon his wages, (less 10% cut, less 5% wages tax, less levy, less a hundred and one demands for relief of distress), improve matters himself ? How can the Government, which means ourselves, circulate more money except by taxing or borrowing it ? And WE pay for borrow- \ ing and taxing—we pay for everything the Government does I " We .seem to have drifted into a helpless state of mind just because our export market is not as profitable as formerly. The margin of exports over imports certainly pays our foreign interest bill, but we have a very valuable local market also. z J Over £30,000,000 worth of our own foodstuffs are consumed in New Zealand annually, and over £10,000,000 worth of boots and apparel locally produced are also used. These two items alone are to-day c equal, to the whole of our exports, and all this money is retained and circulated in New Zealand. Add to that the value of materials such as timber, coal, iron, power and transport, and you see the volume. of business done in our own country far exceeds the export trade. As at least two-thirds of our population live in the towns, it is clear they provide a fine local market for the farmer! Better spending power in our own market makes better conditions for the farmer—higher prices. And to begin with, who can provide the better spending power but private enterprise,—the employers of labour ? Of course it means a temporary sacrifice, but the ultimate loss will be much greater if the spending power is not increased by restoring the 10% cut. What is given must circulate come back again. We want Quicker circulation, a QUICKER turning-over of stocks. The organisation is. everywhere around us, eating its head off. You can’t expect an anaemic person to get well by blood-letting but that is just what reducing spending power "eally means. Well, get busy, RESTORE THE WAGES CUT, as we and some others have done. A bigger spending power must soon result in more trade, and that m turn means more employment in proper channels. Yours, for Better Times CROWN TAILORING c ? 45 MAWHERA QUAY, GREYMOUTH. Hcadciuarters: 132 Manchester Street, Christchurch, and at Tancred Street, Ashburton.
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Rheumatic victim now goes hiking! Says R.U.R. is a wonderful remedy. Free booklet from L. F. Hogg, chemist. —Advt.
Serious T.B. case restored to health and strength by taking Morlife Pure Ox-Blood Tablets. 2/6, 4/6, 6/ —L. F. Hogg, chemist.—Advt.
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Greymouth Evening Star, 18 October 1932, Page 10
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525Page 10 Advertisements Column 2 Greymouth Evening Star, 18 October 1932, Page 10
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