MONEY NOT WEALTH
DUNEDIN DOES NOT GET VALUE UNEMPLOYMENT BURDEN Press Association. DUNEDIN, To-day. During a discussion on unemployment, in the course of the hearing of a Local Body Labourers’ dispute before the Conciliation Council, Mr. G. A. Lewln, the town clerk, stated that last winter the City Council paid £ 10,000 to help unemployment and did not get value for their money. The labourers employed were storemen and other classes, not worth 5s a day. The council had mortgaged next year’s revenue to the extent of £ 5.000. Mr. Robinson, the labour assessor, said that unemployment, being accentuated by national canses, should be solved b— national means. In reply to the suggestion that Dunedin was the wealthiest city in New Zealand, Mr. Lewin said that the yearly increase in Savings Bank returns and the rapid taking up of City Council debentures showed that, instead of placing money in industry, people took up gilt-edged debentures. People thought Dunedin wealthy,. but money was not wealth.
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Sun (Auckland), Volume I, Issue 260, 24 January 1928, Page 13
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162MONEY NOT WEALTH Sun (Auckland), Volume I, Issue 260, 24 January 1928, Page 13
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