HEAVY TAXATION

Southland Times, Issue 21772, 29 July 1932, Page 4

HEAVY TAXATION

CHAIRMAN’S COMPLAINT. MEETING OF DOMINION BREWERIES. (Per United Press Association.) Auckland, July 28. “If the Government had shown as much ingenuity and enterprise in devising ways of solving the unemployed problem by providing reproductive work at a living wage as it had shown in devising ways of extracting money from the taxpayers our problems would have been speedily solved,” said Mr F. J. Kelleher, managing director of Dominion Breweries, Ltd., at the annual meeting to-day. “The people are contributing the best part of £4,000,000 yearly towards unemployment, and that huge sum is being spent without a definite plan or policy.” Heavy taxation when the revenue from it was unsoundly spent became doubly heavy and the position of unemployment must thereby be aggravated instead of improved, he said. It seemed fairly obvious that if the Government persisted in its present policy the only relief people could look for must come from overseas, and fortunately the indications were much brighter than they had been for some time. The British conversion loan’s success was a sure sign of returning confidence and a drop in the Bank of England rate to 2 per cent, was an infallible indication of cheaper and more plentiful money which meant better prices for primary products.