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Hokitika Guardian, 7 October 1927, Page 2

From all accounts the Lang Government's legislation is reacting most injuriously on industrial conditions in New South AA'alcs. The Employers’ Federation of the State is very condemnatory in its recently published annual report. It is alleged the legislation is frightening would-be investors and driving capital elsewhere. For tho Forty-four AVeek Act, tho Child Endowment Act, the AVorkors’ Compensation Act, and the latest Arbitration Amendment Act arc all calculated to deter the capitalist from start:' 1 or maintaining industrial enterprises. The result is that in New South AYalos sonic firms have closed down, others have restricted their activities, others have transferred to A’ictoria, while certain outside capitalists who had expressed their intention of putting their money into business in New South AValos have now changed their minds. The truth as to this exodus of capital is no doubt correct but tbe effect of the legislation on the people of tho State meantime will best be gauged by tbe result of the general election this week. It is of course often a complaint in advance that industrial legislation “will drive capital out of tho country.” but the employers in New South Wales are not prophesying. They are dealing with facts already accomplished, and it is to ho hoped that the electors of New South AValos will realise in time the dangerous and dostruetve nature of much of the legislation endorsed by Mr Lang under tbe direction of his extremist guides.