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Hokitika Guardian, 7 January 1933, Page 4

To : iioresisG employment. cheapen production and ei’large demand, ’ Mr Comyns Carr proposes tb-t nr oiivdovment- funds should be used to subsidise industry. “Mv propoal,’' Me says, “is that the Government should offer a srereral eimvantee in the following tonus: ‘lf any industry will absorb all its pro out registered operatives and keep f om fully employed for a definite n'-iiod, v.a "'ill make '"«>d the lws x if any, which may have been

incurred op to, but not exceeding, the sum now being -.-pent upon the dole in that industry.’ ” He suggests that, if n tee scary, the guarantee- might be given to individual manufacturers, and in afl <■• i-cs there would he safeguards of investigation, while a profit (ouhl lie earned oi.lv if no claim were made upon die guarantee. “In order to dispose of the goods produced, the manufacturer could rely partly upon ti:e greatly enlarged home market due to active employment throughout iuoudrv, and .partly to a reduction of prices, due first Jo full scale and therefore cheaper production, and yecoad-y, if need be, to drawing upon the guarantee. This reduction in prices would '•also' make it possible to dispose of the Increased output partly by strength© i- | mg' our competitive position against I''our’foreign rivals, and so enabling us to capture a much larger share of the [ ex’stjn.g export trade of the worl 3, arc! partly by enabling the public at boire and abroad to buy the cheaper goods in larger quantities.