VIEWED WITH ALARM
WELLINGTON, Nov. 20. Freedom Federation, embrucing the New Zealand Employers' Federation, New Zealand Manufacturers' Federation and Assoeiated Chambers of Commerce, at a meeting today, passed a ■ resoiution viewing with grave concern alanning statemcnts made by several Labour Aleinbers of Parliament and eandidates of the Labour Political Party, affirming their intention, if rcelccted, of taking over the control of joint stock companies, clothing manufacturers, trading banks, insurance companies, brick works, paper and pulp uiills, importers, stock and station agents aud the Wellington-Lyttelton ferry service, thus iniplementing their policy of the socialisation of the means of production, distribution and exchange. Freedom Federation contended that such drastic action would seriously disrupt the industrial, financial and farming life of the Dominion and stultify enterprise at this transitional period when eonditions called for tlie most careful and experienced administration of every tax-bearing organisation wliose profits were required to bridge the inordinatelv heavy demands for the maintenance of tlie present living standards and all social amenities.
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Bibliographic details
Chronicle (Levin), 21 November 1946, Page 9
Word Count
163VIEWED WITH ALARM Chronicle (Levin), 21 November 1946, Page 9
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