WHICH NEXT?

Greymouth Evening Star, 20 July 1945, Page 3

WHICH NEXT?

SMALL BUSINESSES THREATENED Oncft extremist Labour politicians get under way, they press on with State ownership in all direclions. We are seeing this develop in Now Zealand now at an alarming rate. The latest instances are nationalisation of banking and the airways. Not merely large financial institutions, but the small men, also, are regarded as fair game by the Stateownership fanatics. Nobody is safe. Look at what was done in Australia. The Queensland Socialist Government ran the following Stateowned undertakings, and suffered the following losses: — Losses.

The actual losses (including uncharged interest) were £4,447,216, which had to be found by the taxpaying public. The Queensland State trading "experiment was such a shocking failure that it was discontinued, but not before the people had had their bitter lesson. Socialist extremists are the same the world over. Nationalisation of banking and the airways in New Zealand is only a start, and no one can look on disinterestedly and say it does not affect them. —lnserted by the Associated Chambers Of Commerce of New Zealand. — 38.

£ Government Butcher Shops 28,014 Produce Agency 18,686 Fish Supply . 36,012 Cold Stores . 59,929 Cannery . 112,666 „ Cattle Stations 1,669,904 „ Smelter and Mines 1,586,299 Other ventures 156,889 £3,668,429