PROSPEROUS GERMANY.

Wanganui Herald, Volume XXXXVII, Issue 13680, 14 May 1912, Page 4

PROSPEROUS GERMANY.

BRITAIN'S FISCAL POLICY

lii tho opinion of Mr Harold Beauchamp. the well-known Wellington merchant who was for several terms chairman of directors of the Bank of Mow Zealand, freotrade Britain compares very unfavourably with protected Germany. Mr Beauchamp has recently visited both countries. In an interview he said that he did not think it hkely that the industrial unrest in Britain wonld prejudicially affect the people of the Dominion. In ■mint of fact, the condition now obtaining the Old Country was only analogous t.i the experience that we in New Zealand had already passed through. This had commenced with the advent of the Ballanee Ministry in 1891, when the workers for the first time commenced to feel their power. So far as he could see, ’he only remedy for the troubles their friends in the Old Country were now ex•icnencing was tu alteration in the present antiquated fiscal system. “When I was in Europe,’’ Mr Beau"hamp went on to say, “1 spent a short time in Germany, and I was amazed at f he growth and expansion of their industries. and 1 contrasted the conditions if the working classes in that country with those in the Unietd Kngdom, much to the diriment of the latter. In Germany I found the industries, as I have already stated, expanding and prosper>ns. whilst in England numerous industrial concerns were wiped out of existence. Pnrther, in Germany I saw no unemployed, whilst one meets with thousands of these in al Ithe large towns and throughout the length and breadth of Great Britain. Moreover, whilst tens of thousands of desirable people are emigrating from the United Kingdom monthly, immigration in Germany to-day about equals emigration.”