THOUGHTS FOR THE TIMES
Tin; A m i kn i' Uandjcaj’
“If the poverty of India were due to her administrative system, there might he some hole that the changes now being introduced would lead to early and widespread improvement. But the Indian masses, ho far Iron! being ground down by the exactions of an extravagant Government, are still so situated that they can barely support the cost of an administration which limits its functions only to the most elementary services. The real truth is that the undeniable poverty of India arises principally from the fact that the country is not organised for the production of wealth. On every side tradition and sentiment, rather than economic advantage, rule to-day as they have ruled for centuries, exercising upon the Indan masses a cumulative pressure which is none the less crushing for being 'commonly unrecegnCsed.’’— Professor Rushbrook Williams.
When dangers threaten banish futile fear And take the easy way that opens near • Gather life’s nectar and without regrets Let those who live tlie longest pay the debts. Protect yourself, of weak appeals beware. And leave no burden to vour neighbour’s care. When .colds prevail protection you’ll assure With Woods’ Great Peppermint Cure.
The whole of the new issue of capital by the Bank of New Zealand has been taken up, and came into operation the other day. By arrangement with the Prime Minister lasi September the amount of this issue was C1.123,(MX) in £1 shares. The great bulk was taken up by existing shareholders, and these shares are now dividend-earning. The Government took lip £375,000 of the issue as preference shares, and the other £750,000 was offered to existing shareholders in a proportion of one new to four existing ordinary shares. The avowed aim of the Government in authorising the new issue was to strengthen the finances of the State Advances Office in its work of providing for farmers, who, up till now, had the protection of the Mortgages Extension Act.
The new coat's have arrived, a great display at McKay’s—Advt,
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Hokitika Guardian, 8 April 1925, Page 2
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339THOUGHTS FOR THE TIMES Hokitika Guardian, 8 April 1925, Page 2
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