SCARED OF NEW ZEALAND.

New Zealand Herald, Volume LVII, Issue 17622, 8 November 1920, Page 4

SCARED OF NEW ZEALAND.

I i Sir. —A party of capitalists having ! something like £50,000 among us de- ; ;'idcd to go to Auckland and settle there. !; Some meant to open up in trade, and j others to live retired and put their soni , into business thinking it would be better j fur all to make this change. We secured i passports, made arrangements as to our i passages and the forwarding of machinery ■ f'-r trade purposes and household effects. j Now a bombshell has fallen among us . j which has upset all our arrangement*. \\f. understand that Use income tax i« ! now raised to 7» 6d in the £, with the ! likelihood of it% being further increased in the near future. We also are told that a compulsory loan is being floated, raying 5 p<-r cent. Once started, nobodv kr;-..w§ where this sort of thing stops. It reads very much like a levy on capital. In fact, jit is next to the same thing. A man '■* i compelled to lend his money, which is I equivalent to him having a levy put on ! it. Anvway, a* we have seen the matter j mentioned in New Zetland papers, of j course, we believe it. Things have not cme j to this pans in the Old Country, nor are j they likely to do so. In the worst stages "f ; the war nothing like thai was mooted . here. We were a?k*d to lend our meney ■ voluntarily, and did so. I saw in New J Zea'and papers that if the war loan was ' trot contributed ur>der certain condition* j it would b© made compulsory for the ; ocople to mWcribe to it. Tr-fm what I i can see we are bert off where we are. »o i have ail decided not to take anv char" 1;> nd go to New Zealand, where cu<"h j drastic things a* compulsory ]<->ang ar>- in : evidence At the same time. I d<->n't «ur ! pose we are the only people who wi'l v » ; prevented from gains <-,u» to the Dominions. People will be scared »~d l instead of inviting capitalists tn :»j"» j here and my to New Zealand it v.." scare j them away. It has fkvd n» awisv, > and all of us have entirely piTen up the | idea of going to euch a count rv ■lons J Wri.sov j 4 'Marine Crescent. Waterloo. Liverp-xJ, September 15.1950