The distress in the Old Country is keener now than it lias been for the last 30 years. Ten thousand workpeople have been deprived of the means of support through the closing of gigantic manufactories. J* o -; only have operatives been thrown out of employment property has become sadly and rapidly depreciated in value. All this is more or less the outcome of foreign competition. This is the evil that every country should guard against. Let the people oi Now Zealand take warning. Let them study their own interests and avert such crises by encouraging local industries. "' e can mako our own woollen goods, iron, Loots and shoes, &c. For the first purpose factories are already in existence ; as regards tiie second, numerous vigorous attempt? have been made to transform the TaranaM
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Bibliographic details
Oamaru Mail, Volume IV, Issue 893, 25 February 1879, Page 2
Word Count
132Page 2 Advertisements Column 3 Oamaru Mail, Volume IV, Issue 893, 25 February 1879, Page 2
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