INDUSTRY TO-DAY.

Waikato Times, Volume 114, Issue 19012, 1 August 1933, Page 9

INDUSTRY TO-DAY.

NEW ZEALAND’S NEED.

INCREABE IN POPULATION.

DOMINION MARKET. «In fewer than one hundred years white men have opened up In this country almost greater possibilities for happiness than any country of similar size contains. Is It possible that we are now going to say we can go no further?” asked Mr T. Bloodworth, In an address- to the Hamilton Rotary Club yesterday, commenting on the future development of New Zealand.

Mr Bloodworth said the World Economic 'Conference had not been as successful as was hoped. Instead of the great nations agreeing on a world plan some of them were going to try to work out their own salvation on lines which they deem best suited to themselves within their own national boundaries. Already, before the conference two nations, Russia and Italy, were each working to a definite national plan; and now Germany and the United States of America seemed committed to similar proposals- In those countries the old political and Industrial order had gone, and It was certain that It would never be restored. In Russia, Italy and Germany these were political as well as economic and industrial reasons for the collapse, but in the United States, where capitalism had developed more rapidly, Its collapse 'had been more spectacular and more complete than in the older countries.

Collapse of Capital.

Capitalism perfected the machinery of production, but it failed to provide for adequate distribution and consumption, and because of that failure it collapsed. It did not provide adequate markets for its produols. It produced on the one hand great wealth and great possibilities for the production of wealth in the form of goods, bu on the other hand those who needed goods were in s ; uch a state of poverty that they could not get them. New Zealand hitherto had gone on the assumption that there was an unlimited market for her exportable goods overseas, more particularly in Britain, and production had been directed to suit that market, continued Mr Bloodworth. New Zealand tried to meet the depression by reducting the wages and lowering the standard of living of the people. That method bad not helped to overcome the depression. Development in town and country was carried out on .the assumption that population would Increase. Roads, railroads, electrical supply, town utilities and harbour equipment were provided in the hope that an Increase of population would reduce the burden of costIf the population were doubled, it would provide a greater market for primary production and a more worthwhile market for the products of secondary industries. Mr Bloodworth said it was necessary to induce more people to settle In New Zealand, but people would not come to this oountry to stay unless they were assured of better Industrial and social •conditions here than in their home country. At present they had no such assurance.