Page 1 Advertisements Column 5

Pukekohe & Waiuku Times, Volume 9, Issue 523, 16 April 1920, Page 1

TEMPORA MUTANTUR ET NOS MUTAMOR IN ILUS. (The times are changing, and we with them.) The Evolution of Economics. XT- doesn't require a professor of economics to Rive the reason why. Prtortotho flower of the land, enlisted; 17,000 have paid the supreme sacrifice,, and aboot 20 000 permanently incapacitated, and the recant epidemic adds another 5,000, making the total 42,000; and, with no immigration, we will be handicapped for a year or so. And does not this also apply to the whole of the Empire ? -"~3 During the second year ot the war, production of man's requirements w»« re- . duced materially, and our armies and munition workers had adopted a kigher standard of living, and twice as muoh used in the shape of clothing, bx>ts, aeat, - never accustomed to prior to the war, and at the time the prices of those commodities were not a burden to the soldier and the munition workers as ut the first instance the soldier didn't pay for them, and the munition workers didn t feel seeHng employment and the munition worker's wagesrfor argument sake are down to about 35 per cent over pre-war rates, with his requirements about 50 to 60 per cent higher, owing to the world's shortage and with a desire to live at the same status as during the war. The Empire's wheels of industry (with a tired the land are about two years behind, and until they get back to normal, and wuh huge shortages as at present, the pinch wfil be felt. The workers rightly demand a higher standard of living, which creates a heaver demand On production, and until it is overtaken, with the Continent on the verge of starvation, how, can prices recede. If they do, wages must also, in a line with Japan and other Bastem countries. This is a complex question. Profits are now taxed 7s 6d in the £. For instance, an industrial concern with a working capital of £IOO,OOO, paying 7 per cent., yielding £7,000, is taxed 7s 6d in the £, which brings its earning power doyra to about i l / 2 percent. Who would be worried about industry when" War Bonds are paying 4# per free from taxation? This is the question to be considered for the salvation of the Dominion. Champion wishes his people to understand that this essay is not for advertising purposes, but to guide his candidates, as he is an acknowledged authority on w*!l as muscle-raising. • -Ifi: V V tJ AUCKLAND.]

JOHN ROUTLY, REGISTERED ARCHITECT. 20 Empire Buildings, BWANSON ST., AUCKLAND