COMMUNITY IMMIGRATION.

Press, Volume LXVI, Issue 20102, 4 December 1930, Page 16

COMMUNITY IMMIGRATION.

TO THX EDITOR. O? THE pitESS - Sir,—l read with interest Mr L. C. "Walker's letter in your issue of Tuesday last. Mr Walker, in his letter, drew tip a scheme for absorbing 1,000,000 immigrants in ten years, which reminded me of- Mr Vogel's .scheme of 1870. The scheme is ambitious and demands quite a. high moral standard in the immigrants, when it is suggested that they must save compulsorily at the rate of £2 per week. The idea y£ a local investment bank to handle these savings, which totalled £430,000,000 in ten years, and to finance and iilan all the works indicated is also rather a big problem with our present experience of banking. But I do think there is a valuable suggestion in Lis letter for improving the economic standard of our people, when it is realised that a great number of our young people spend their earnings without making any provision to provide with homes on marriage. The fact that houses can be secured for a payment of ten pounds down, tends to reduce the need of saving to a. minimum when such saving is possible. If parents could show the young people the advantage of owning a home of their own, then probably Mr Walker's idea of compulsory saving it the rate of £2 per week could bo modified to secure voluntary saving to-day, say, at 10s per week, which would' pnount to a considerable sum in many instances at the time of marriage. rours, etc., GEO. MANNING Trades Hall, December 3rd, 1030.