NATIONAL ECONOMICS.
It takes as much labour to produce the same article at 10/ as it does at £1, but if by protection or under the pretext that the standard cf living- is raised, you raise the cost of production to a £1 basis, then our natural resources have to produce twice as much to purchase it. We agree that the wheel ot' industry and commerce is set in motion by and receives impetus from our rural products, therefore it is beyond the pale of understanding that those responsible for government should create the need to use the value of two pounds of butterfat where one would do. It is equally astounding that some of your correspondents should advocate land settlement with the vigour and enthusiasm of youth and then demand higher protective duties, which means, "'go on the land young' man, we will borrow money to assist you, but the more you produce, we- demand the higher shall be the cost of production." J.W.A.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/AS19290930.2.123.6
Bibliographic details
Ngā taipitopito pukapuka
Auckland Star, Volume LX, Issue 231, 30 September 1929, Page 9
Word count
Tapeke kupu
165NATIONAL ECONOMICS. Auckland Star, Volume LX, Issue 231, 30 September 1929, Page 9
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
Ngā mihi
This newspaper was digitised in partnership with Auckland Libraries.
Log in