SECOND FIVE-YEAR PLAN
Sir, —If the welfare of New Zealand is dependent on the New Zealand Welfare League, then it is a poor look-out for the Dominion, judging the. league by its recent letter in your columns anent the "New Five-Year Plan." ' Does the league imagine that the reported policy is peculiar to the Soviet? Has not something very similar happened -even here and is it not a fact that our endeavours have been, and still are, for' increased production of exportable products ? Is the league innocent of "the fact that, universally, the trend has been ou those lines ? The figures in the pig iron industry of England, which disclose a rise of from 55 tons per worker in 1924 to 340 tons per worker in 1930, are eloquent and the rate is capable of application in very many other industries. What 'would the New Zealand Welfare League say the position in the United States -was due to, seeing that' there is free trade there in a world of its own with protection against foreign competition ? Is it lack of gold ? Is it necessity of a Central Reserve Bank ? Is it war debts, remembering that she is very largely a creditor nation? S. Petrie.
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Bibliographic details
New Zealand Herald, Volume LXX, Issue 21414, 11 February 1933, Page 15
Word Count
204SECOND FIVE-YEAR PLAN New Zealand Herald, Volume LXX, Issue 21414, 11 February 1933, Page 15
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