Page 11 Advertisements Column 4

New Zealand Herald, Volume LIX, Issue 18173, 19 August 1922, Page 11

(Published by Arrangement.)

THE NEW ZEALAND IMMIGRATION AND LAND SETTLEMENT LEAGUE.

What questions -will influence the selection of members to the next Parliament? Will the forthcoming elections <be decided on enonomical or ethical grounds ? Surely the times demand that we put our economical problems first. Are you going to allow the country to sink deeper into the financial morass, or will you do your part to insist upon New Zealand realising the prosperity to which its latent resources entitle her? We are being steadily impoverished by taxation which, it is admitted, the country cannot stand. We have the heaviest debt per head of any part of the Empire. Yet of the 66,000,000 acres, which New Zealand ' comprises, only 18,000,000 acres are improved. Our resources are hardly scratched. But development and enterprise are at a standstill because the Government has no land policy in the direction of opening up our largo areas of idle land to oversea settlement. Heavy graduated taxation has depleted the market of practically all mortgage money at reasonable rates, hence, private enter-* prise is impeded in the field of development. In 1920-1921 the taxation per head was £18 9s. In 1921-1922 the taxation per bead was £13 ss. Although I the taxation was on a higher scale than in the .previous year, thus proving the disappearance of part of our national wealth,- this year's budget shows no prospect of reduced taxation, but a further loss of income tax revenue of C?. 000,000 is forecasted. Other sources of revenue are also falling. Wo must therefore make good the deficiency of rovenue by encroachment on the country's reserves, i.e., accumulation of surplus from previous years, and still further increase the national debt by another loan for Public Works expenditure. What are wo going to do about it? Continue to slide apathetically into deeper financial embarrassment, or insist upon a policy which will bring about prosperity and progress? We must throw open, our undeveloped lands to large scale oversea settlement, also we must obtain relief from the heavy burden of graduated taxation, in order to render available cheap money for enterprise and development locally, and at the same time encourage the investment of outside capital here. A public opinion united in the determination to elect a Parliament with a mandate to settle these questions can place New Zealand on. the roa d to rapid progress and prosperity,

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