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Local Industries.—After demolishing the arrant nonsense talked by a few local Protectionists on the subject of artificially cockering certain industries, the South Australian liegister addresses the following sensible observations to the more rational of its readers :—" Over the whole of Aus tralia there will one da}' be seen the same organization of labor which free trade has created in Western Europe. Each colony, and even each district, will graduallly clis cover whac it can produce belter than any other and sell cheaper. Instead of three leading staphs for the whole of South Australia, there may then be dozens of local staples. Articles will be removed from the lis" of imports and registered among the industries. Intercolonial markets will be opened for much that has now 10 be sent abroad in search of consumers The channel of progiess will be widened, and at the same time the current will b> j brought more under our own control. The separate fiscal system prevailing in the colonies subdivide, and consequently weaken, the power of c msumption. A fiscal policy which should combine, instead ol dividing, would be the one to foster local markets. No colony, except Victoria, has yet sufficient density of population to war rant the hope of developing a complete industrial system of its own. The transition from cultivating raw produ.e to> manufacturing has rarely been achieved] by any bmall isolated community. In ourj case there is an evident necessity for inter colonial action. Only by having the whole Australian market open to them will native manufacturers be able to grapple permanently with English competition, and that only in such articles as Auitralia is specially qualified to produce."

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/HBT18690719.2.13

Bibliographic details
Ngā taipitopito pukapuka

Hawke's Bay Times, Volume 14, Issue 701, 19 July 1869, Page 3

Word count
Tapeke kupu
277

Untitled Hawke's Bay Times, Volume 14, Issue 701, 19 July 1869, Page 3

Untitled Hawke's Bay Times, Volume 14, Issue 701, 19 July 1869, Page 3

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