A CHANCE FOR NEW ZEALAND.

Press, Volume LVI, Issue 16856, 9 June 1920, Page 8

A CHANCE FOR NEW ZEALAND.

— Many considerations urge New Zealand to extend and enlarge its manufacturing industries. The cost of goods produced overseas has advanced enormously, and so tho competition of cheap imported goods will never be so keen in the future as it has been in the past. Moreover, with the advent of hydroelectric power, New Zealand will possess splendid facilities for mills and factories, particularly in the direction of manufacturing a larger proportion than at present of its own raw materials. For these reasons it may be expected that New Zealand will find it necessary no longer to rely upon getting woollen and other manufactures from abroad. Instead, she should, set to work herself and manufacture her own wool for her own use or export, thus saving double freight, and providing emplovment for her population. In New Zealand, industries have hitherto been handicapped by the competition of tho low wages paid in other countries, It appears beyond question that tho war, and the unsettlement it has caused, have removed the handicap under which our industries have so suffered, and this affords them an opportunity for development, with alluring prospects of prosperity. This applies in especial measure to the woollen industry, and it is for these reasons that the project of the establishment of a woollen mill is now launched. New Zealand is by no means overrun with such mills. Indeed, the existing mills are quit© unable to cope with the demand for woollen goods. There is, therefore, it is thought, an ample opening for the establishment of such a mill in Wanganui. Investors should not fail to secure the prospectus of the Wanganui Woollen Mills, Ltd. Copies, together with application form, may bo obtained from the local brokers. Messrs J. O. Jameson and Co.. 153 Hereford street, Christcliurcli, or from tho interim secretary; Mr E. M. Silk, F.1.A.N.Z., Wanganui. <5