TAXATION AND INDUSTRY. “The total annual value of the imports of manufacturing is about £320,000,000. Assuming that a duty oi 10 per cent, lowered the volume and the value by one-third, the yield would be about £21,000,000 a year. This sum, added to the total of economies, would free £36,000,000 for relief from some of the most harmful taxes, whether those on company reserves, or the estate duties, or the remainder of the i*ates upon industry. Such an experiment is at once too promising and too indffensive to be frustrated by barren quarrels between personalities, to all of whom it must appeal about larger policies with all of which it is in harmony. Economy means giving industry hope by a variety of methods; and just as it has required a large dose of profligacy to produce depression so it may require only a small dose of economy to produce confidence.”—“The Times” (London).,
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Hokitika Guardian, 30 August 1930, Page 2
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152Untitled Hokitika Guardian, 30 August 1930, Page 2
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