A CHANGE FOR N.Z.

New Zealand Times, Volume XLVI, Issue 10610, 8 June 1920, Page 6

A CHANGE FOR N.Z.

Many considerations urge New Zealand to extend ami enlarge its manufacturing industries. The cosh of goods produced overseas has advanced enormously, and so tho competition of cheap imported goods will never bo so keen in the future as it has been in the past. Moreover, with the advent of hydro-electric power. New Zealand will possess splendid facilities for mills and factories, particularly in tho direction of manufacturing a larger proportion than at present of its own raw materials.

For these reasons it. may bo expected that Now Zealand will find it necessary no longer to rely upon getting woollen and other manufactures from abroad. Instead she should set to work herself and manufacture her own wool for her own use or export, thus saving double freight and providing omploytaont for her population. In New Zealand, industries have hitherto been handicapped bv the competition of the low wages paid in other countries. It appears beyond querition that the war and the unsottlement ii ; t has caused have removed the handicap under which our industries have so suffered, and this affords them an opportunity for development with alluring prospects of prosperity. This applies in especial measure (o the woollen industry, and it is for these reasons that the project. of the establishment of a Woollen Mill is now launched. Now Zealand is bv no means over-run with such Mills: Indeed, the existing Mills are quite unable to cope with the demand for woollen goods. There i«, therefore, it is thought, an ample cunning for the establishment of a such a Mill in Wanganui. Investors should not ifnil 'to (secure the prospectus of The Wanganui Woollen Mills, I.td. Copies, together with Application Form, uiav be obtained from fho Local Brokers, Messrs Irwin and George, 37. Panama street, Wellington, nr from the Interim Secretory, Air K M. Silk, F.T.A.N'.Z.. Wanganui, [Published by Arrangement.]