LABOUR POLICY ATTACKED

Taranaki Daily News, 2 September 1933, Page 7

LABOUR POLICY ATTACKED

MR. RANSOM AT LYTTELTON. MEETING OF TWO HUNDRED QUIET By Telegraph—Press Association. Christchurch, Last Night. The Hon. E. A. Ransom, Minister of Lands, addressed an audience of about 200 at Sumner to-night in supporting the candidature for Lyttelton of Mr. F. W. Freeman. Mr. Ransom was accorded a quiet hearing in an orderly meeting. Replying to Mr. H. E. Holland, Leader of the Opposition, who had stated that Mr. Ransom had advocated for New Zealand a plan similar to President Roosevelt’s policy, Mr. Ransom said New Zealand and the United States could not be compared as one was a -primary producing country exporting 40 per cent, of its production, while U.S.A, was a selfcontained country exporting only 6 per cent.

Mr. Ransom said Mr. Holland advocated placing workers on economic undertakings on standard wages, but work was not economic unless it would provide interest on capital outlay. Mr. Holland proposed to borrow large sums to build more railways and highways and settle large areas of land, but he had not yet disclosed how the interest was to be paid. “Mr. Holland suggests that because we had prosperity during the war we could have it again by his policy of huge expenditure and high wages,” Mr. Ransom said, “but at the same time he refers to the obvious fact that unemployment is an aftermath of the Great War. Apparently his aim is to build false prosperity such as we had during the war so that the country will experience another aftermath.”