NEW ZEALAND LAWS.

Dominion, Volume 3, Issue 624, 29 September 1909, Page 8

NEW ZEALAND LAWS.

"NO ROOM FOR RICH MEN." . ' MR- A. W. RUTHERFORD'S VIEWS. ' ; Mr. Ai W. -Rutherford, tho well-known Canterbury pastoralist,' who has sat. in .two :or ; three''Parliainbnts/as' a supporter of th? Goyern.ment, is on.'a;six months tour of tho Common-, .'wealth. In-the -course: of. an, interview ::.at /Adelaide he', said:— ~••• . \ .- "Although;my .visit, to the. Australian States :was primarily ■' for pleasure, ' I havo-' kopt my .eyes"open with "a'view to 'eventualities. ;lii New: Zealand our Land Acts penalise a person .owning land above -a' certain' value,. and/our labour-laws discourage, those inclined to invest /in/ secondary, industries,- so that practically there is no investment for' surplus mbney. And again, ..it .' is "pretty certain we. shall have a. substantial increase in. death' duties/on large 1 estates. .".That there is*an opening/for -capital 'here I am..-satisfied, and, a-numbor. of New Zealanders have already purchased• in ;Queens,land' and/New"'South Wales. '■ By, having half 'one's . capital.-in - New - Zealand and ; - half .in Australia/ one/would. : largely minimise the ■graduated taxi Our ■ lato Minister for. Lands (Mr.. M'Nab), when 6peaking on the, second reading'of his Land Bill, Conser-' vatives speak .of driving capital out of, the conntry.. Let them take their capital./ out of the country. . Thank God they cannot take tho land": and tho sentiment was cheered by tho majority of the -House. Twelve, months after ; the; Dominion was stranded by reason of its want. of money, ' and the very members who had: oheered Mr. M'Nab clamoured for. our Prime, MinisWr- to' b'orrow - more : monfey to if supply-what/.they/had-.a; year.,before in;: effect (loclareH .could be:'done without.,^However,-esti-iiiable Socialists may be,' they'are not.-financiers; . that/presumably,;,is;the reason'-, they, themselves novet; have: any -capital, and -'perform all 'their, generous/actions with'the. money, of ' others. Robin Hood, if the legends, be true,' must have been -a'SociaUst, -- ,