GENERAL CABLES

Hokitika Guardian, 10 September 1930, Page 6

GENERAL CABLES

; BRITISH ASSOCIATION. BIG ECONOMIC QUESTIONS IGNORED. {United Presi' Association.—By Elec trie Telegraph.—Copyright.] ' : ' LONDON,' Sept. 'B. There is not one outstanding paper being read at a meeting of the British Association which is being held at Bristol this year. On the contrary, many Seem particularly futile in view of the gravity of the times in which we live. The minds of scientists, are apparently not concentrated on larger issues. Professor Gregory (now returning from. New Zealand and Australia) is dealing with the rationalisation of industry and unemployment. M. ZOUBKOFF. BERLIN, September 8. •M. Zpubkoff is, .agai* in the llmelight:. He is At, present acting as a tout inPa side r , show at. Luxembburg fair. BetWeieiF' displays lie addresses audiences and when he proceeded to discuss marriage Jie'was hissed and ■ jeered and had to retreat.

HIGH TAXATION. EFFECT ON UNEMPLOYMENT. LONDON, Sept. 8. . Professor Henry Clay, the Economic Adviser to the Bank of England, said that tiie total tax burden, allowing for the change in money value, was at, present as high as in the year of the heaviest taxation in war time. High taxation, he said, affected unemployment mainly by reducing the amount that could be applied from profits to the expansion of profitable business. The flow of new capital necessary for.; industrial expansion was being tapped' at its; sojfl&i. by, the income tax, .the', surtax, 'and the estate duties. Where-; as in prewar time only Is 2d, orat-the. most ,1s 8d in the pound was’beihg.-di/ verted to. the Exchequer to-day from five’to nine, shillings, inutile pound were being so diverted,!T-iv-x* -.H