CAPITAL AFTER THE WAR. As a result nf the war existing capital bids fair to be depreciated for a good many years, Interest rates higher, and the cost of living higher, too. Of course, it is production and consumption that will constitute the main test of tha welfare of the people. But the creation of new loan capital has been so excessive that the capitalist will find in its depreciation that he is worse off than he was before. The capital will either have to be written down, or it will write itself down. That would not have been the case had it been created only within the saving powers of the people, and had it been expended thus providing its own remuneration. —"Dailv Telegraph" (Sydney).
SEWING FOE 2/6 A WEEK The best machine that money can buy, the Davis and Daytonia, at low prices and easy terms at Minson's, the china store. Ladies travelling may escape all bother by checking baggage through 11* We collect, check on, deliver at othej end. We also issue tickets; but if you have one it is necessary to produee it at our office. This facilitates checking. New Zealand Express Co., Ltd.
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Bibliographic details
Sun (Christchurch), Volume III, Issue 880, 5 December 1916, Page 6
Word Count
198Page 6 Advertisements Column 2 Sun (Christchurch), Volume III, Issue 880, 5 December 1916, Page 6
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Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.