PRIVATE ENTERPRISE.

Waikato Times, Volume 112, Issue 18697, 25 July 1932, Page 9

PRIVATE ENTERPRISE.

<w LABOURING UNDER RESTRICTIONS. I ' - - STATE SHOULD KEEP OUT. “At present, private enterprise is labouring- under legislative and -other restrictions, which make all the difference between' national poverty and | profitable trading. The Associated Chambers of Commerce is doing all within its power to secure national recognition of the fact that the State must keep out of 'business." This pronouncement was made by Mr A. 0. Heany, of Wellington, secretary to the Associated Chambers of Commerce. Mr Ileany said that as far as trading conditions were concerned, the business men of New Zealand fully appreciated the importance of Empire action through the Ottawa conference, and also of international collaboration and co-operation in the solution of world problems. There was an urgent necessity for the resolution of prices and currency, and an adjustment between costs and profits. While looking abroad, however. New Zealand -could wait 100 long for -outside aclion, instead of giving her energies to tackling those factors within her own ambit and over which she. had every control. Roloasing of Private Enterprise. There could be no greater contribution made, to national recovery Ilian 1 ho releasing of private enterprise from ever> lot and hindrance ir I lie performance of Us legitimate ami es-

sentlal functions of production, distribution and exchange. It was a deplorable necessity which made It lnoumbc'nt upon private enterprise to-day to show that it was hon- ’ ourable, laudable, and desirable that private enterprise should make profits. It was inseparable from the accomplishment of rehabilitation that private trade should be recognised as the only source from which could emerge certainty of employment, Slaic revenue, and national well-being. Business men were doing all within their power, hut the strain of privileged competition toy State trading concerns on the one hand and prohibitive commercial enactments on the other hand, combined to place the re-lease-spring beyond the reach of the traders themselves.