Thank you for correcting the text in this article. Your corrections improve Papers Past searches for everyone. See the latest corrections.

This article contains searchable text which was automatically generated and may contain errors. Join the community and correct any errors you spot to help us improve Papers Past.

Article image
Article image
Article image
Article image

PROHIBITION AND NATIONAL FINANCE.

(Published by Arrangement.) (“Auckland Star,” Oct. 23, 1911.) [From our Special Correspondent.] London, Sent, 15. Commenting collapse of Prohibition in the American State of Maine, after a career of something like sixty years the London “Financial News” remarks that it will doubtless be a very useful object lesson at the forthcoming election in New Zealand. Advocatesof Prohibition in New Zealand, the “ Financial Times” says, have invariably used the State of Maine as a bright and shining example, and £S there are signs that prohibition may be an issue, if not the principal issue, at the November elections, the Maine collapse is a very timely incident. There is no need, at this time of day, to rehearse any of the arguments for or against Prohibition. We are only concerned with the consideration that the success of the Prohibition programme in New Zealand would infallibly have the effect of cutting off, to a large extent, the supply of British capital to the colony. As' we have over and over again urged the claims of New Zealand upon British investors, such an episode would to us be an occasion of more than Ordinarily deep regret, and we certainly trust, for the sake of New Zealand herself, that the contingency will not arise. No doubt it would be going too far to suggest that the success of a Prohibition campaign might in any way endanger the interest on the New Zealand debt. But it would certainly render essential the adoption of fresh methods of taxation, in order to supply the deficiency created by Prohibition, and those expedients would, of necessity, tend to emphasise the disquietude already created (ex-hypothesi) by Prohibition itself. It must not be overlooked, either, that one of the primary necessities of New Zealand is the influx of population, and that population would not be likely to be strongly attracted to a country where it was impossible for a man to enjoy the ordinary liberty of obtaining reasonable liquid refreshment if he wanted it.”

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/WAIPO19111027.2.26

Bibliographic details

Waipa Post, Volume II, Issue 56, 27 October 1911, Page 4

Word Count
336

PROHIBITION AND NATIONAL FINANCE. Waipa Post, Volume II, Issue 56, 27 October 1911, Page 4

PROHIBITION AND NATIONAL FINANCE. Waipa Post, Volume II, Issue 56, 27 October 1911, Page 4

Help

Log in or create a Papers Past website account

Use your Papers Past website account to correct newspaper text.

By creating and using this account you agree to our terms of use.

Log in with RealMe®

If you’ve used a RealMe login somewhere else, you can use it here too. If you don’t already have a username and password, just click Log in and you can choose to create one.


Log in again to continue your work

Your session has expired.

Log in again with RealMe®


Alert