Thoughts For The Times

Hokitika Guardian, 13 August 1921, Page 2

Thoughts For The Times

; Wink Aktku the Event. / I The siibsequeut withdrawal oi' our accumulations of capital Irom London and i their application, to a threat extent, as ready cash for repatriation purposes, , thus causing them to participate in the responsibility-’for the abnormal land boom which was brought about in In! view of the coming slump with its corresponding tightness of money, was, 1 venture to say, a most serious error of judgment. Our soldiers were, and still are, entitled to our first consideration. I am inclined to think, however, that we could better have served their*interests by spending fewer millions on purchases of i’’ proved land and more upon ti.e building «.f roads and railways with the object of opening up untouched Crown and native lands, thus providing employment and increasing the productive capacity of the country at one and | the same time.. Since lf)l(i New Zea- 1 land taxation, has increased by 209 per cent, her exports by 39 per cent, her population by (5 per cent, and the area of her occupied lands by 5 per cent.— Hon. Arthur Myers.