THE Daily Telegraph WITH WHICH IS INCORPORATED THE WAIHI MINER SATURDAY JULY 23, 1921. NEED FOR ECONOMY.

Waihi Daily Telegraph, Volume XIX, Issue 6278, 23 July 1921, Page 2

THE Daily Telegraph WITH WHICH IS INCORPORATED THE WAIHI MINER

SATURDAY JULY 23, 1921. NEED FOR ECONOMY.

Hero shall the Press the People's Right maintain U(tawed by inbuenceaud uiihribal Dy tja'ii Here Patriot Truth her yionous precoytß 'Jraw, Fledged to Religion Liberty and Law

Kceoul ly-publislied figures relating 1“ re-venue derived iiom taxation have doubtless caused some people to think, and to deinamV that there shall he greater economy in the cost til' the administration o, the affairs of the 170minion. The thinking so tar, however, appears to have heqii confined almost entirely to a e.miparatively small number of business people, who havo been seriously hampered by the ever-growing bunleii „f taxation. If the general public wonlr!- more closely examine the posi-

tion and realise what the burden ready moans there would no doubt he a strong and united demand lor prompt mu' drastic economy on the pat l id the Covernment. To a.-sist them lo that ica lisa Eon we append a table extending over a series id years, which shows at a ghuuv the abnormal growth of the figures, the total amount derived 'mm taxation ami the faxatdn per head () |’

miwi.it population (with .Maoris) being in. c,bided : -

Year ended Total i’er Head March 31 Taxation £ s. d. IPI I .l;-l .837,322 .1 12 1 )<i]-j 3.29! 1.396 1- 19 \0 HU:-; 3.61 16,829 3 2 3 It'll 3.9K(i3l 3 3 2 IPI.-, o.sstt.sll 3 2 9 jPHi 7,266.966 c> (•■ - 1 IV. 17 16,7.19,631 9 :i 7 j(1 ] S .12.31(1.833 bl 1 1 I ItllP „ 13. 861,013 II .17 1 J>jl>(| 16.231,769 13 i I 1 1921 22.1 M. 11l 17 16 3

Jt will b« noted Imm 1.-lio table llmt the growth in the volume n, taxation lias been very rapid since 1913. i'i' ll ' ‘d , course tti the wai 1 , since the common. 1 < ment of which oveiiy Ire h war loan has p (ilt-d siih'lantialiy to the linrdeii. the amount tor interest alone he.iig very, hirgr. Emm the time mentioned the illelea-e- have pepe no by inilb-ni- year- ; |, . Rial shown p.r 1921 over ME’n mt.d ; ling no less than 23.932-6 be dm.- pi a. I measure m the jump n fn-mm ;

Cel i-inir (■()II-C(|U' I MI 11 i >f' II I'NWviu' 111 l _ 1,, i•• l ;i, imi- o', inerelin mil'.-’. 1 1' 1 ' n'"'r incut in iiinini,, tn\ end t oltinm H'-j V.IUIC Inr the eoVl'espouddm sel'le- ci years is ik under:— j Vein- ended, Customs liiennu'-tax Mmi li ;i) ' T | I! 111 ;uid7TT) in7.d;]o j'jl'j :!.‘J7D.'il;; 1 is;,Til ‘lt; | ;t TKn.Tid tiDd'ill i>„iii id(;,7 11 (.“.’7l I'M., l i'7 diu.:!ld j l<)|fi ;t.;d171 1 ..'idd. 1 !•' i ( 1 « 117 u.u .)!i,r.7d I, ■_'(■.•_>, I‘JO ! ( I'!- I ,;i'i' d.tilP.diil jl'ii;i it'.(ism j s:>n 11 .:Mv.>. 7< >■'■ 1( '“ j k S.JIKJT) C'.dD.lUd I

These ligiiMs indienle I hut more. I him hull' of the total iiiovik" iiniouuiing id jtKl on b(),non,non is :illrilm..iblr to 1 be Inigo advance in the lot'll value n| imports. making the Customs revenue exceptionally large. The excessive importation o ' inei'eliilud se has greatly liai'nssicl the importers, aild incidentally lilt WU-iiii!'-' 1 ' lu>> Uut as tile

high prices paid hove been passed on. \\ iili nnuniahciuriMV prices fulling the other rud Iho importer has, however. in many instances, hei n oamprdcd to realise even at a loss fu meet Iks linaiii ial obligel ions. For smile time io

eonv it is ipiiio evident 1 hot import' ■will show a sidislantial shrinkage, as nincji of i.ho highly prices!; goodsi pl-iM l oma Ins unsold an.,l Iho dooroasod importation ;will ho ivlh'ctod in tho Cus-

toms rovonno. Income tax nuisl also show a caiv-idorahlo 1;i "1 i.n<.>: oil' owing |o tho drop in tho prims of tho primary products of the Dominion, with it., attendant yhrinknge in the income of the fa-riuors, whoso hy-onie tax payments will uoisssarily ho much smaller. Those facts must make clear tho ncccsd.ty for a curtailment- of CovoruiVioiil. expenditure if a serious period o' depression and unemployment is to bo averted. Thu Covernment has made a start, huf the start- is hut- half hearted. and much ro. mDiiu it) lu* tio ouniuv a Mm.nti atx>iiojnic |>iKiiion.