Page 6 Advertisements Column 2

Timaru Herald, Volume CLVIII, Issue 23258, 20 July 1945, Page 6

WHICH NEXT? Small Businesses Threatened Once extremist Labour politicians get. under way. they press on with State ownership in all directions. We are seeing this develop in New Zealand now at an alarming rale. The latest instances arc nationalisation of banking and the airways. Not merely large financial institutions. but the small men. also, are regarded as fair game by the Staleownership fanatics. Nobody is sale. Look at what was done in Australia. The Queensland Socialist Go\ernment ran the following State-owned undertakings, and suffered the tolio’’. inv I .osses. Government Butchershops 28,014 Produce Agency 13 636 Fish Supply . . 33.'112 Cold Stores . 59.J129 Cannery .. .. 112.69.1 Cattle Stations. 1.639.904 Smelter Mines 1.536.299 ~ Other ventures . 153,889 £3.668.429 The actual losses (including uncharged interest) were £4.447.216 I which had to be found by tlie taxpayi ing public. The Queensland State ! trading experiment was such a shocking failure that, it was discontinued. I but not before the people had had their bitter lesson. Socialist extremists are the same llnworld over. Nationalisation of banking and the airways in New Zealandis onlv a start, and no one can look on disinterestedly and say it does not i affect them. -Inserted by the Associated Chambers of Commerce of New Zealand.- - Advt.