Page 1 Advertisements Column 5

Pukekohe & Waiuku Times, Volume 9, Issue 525, 23 April 1920, Page 1

TEMPORA MLJTANFfiR RT NOS MUfAMITR IN ILLTS. (The times .".re changing, ami we with them.) The Evolution of Economics. TT doesD't require a professor of economics to give the reason why. Prior to the -L war the Dominion's man-power was about 300,000. Out of this 112,50(. the flower of the landj enlsted ; 17.000 have paid the supreme sacrifice, and about 20,000 permanently incapacitated, and the recant epidemic adds another S,U(JU, making the total 42,000 ; and, with no immigration, we will be handicapped tor a year or so. And does not this also apply to the whole of t.ie E npire? • During the second year ot the war, production of man's retirements ws* reduced materially, and our armies and munition workers had adopted a i.gher standard of living, and twice as much used in the slupe. of clothing, b >ots, .jeat, butter, cheese, etc,, etc.. which thousands upon thousands unfortunately ware never accustomed.to prior to the war, and at the time the prices of those commodifies were not a burden to the soldier and the munition worker* f , first instance the soldier didn't pay for them, and the-mumtion workers didnt feel them owing to the enormous wages paid. Now thi war has ceased the soldier is seeking employment and the munition worker's wage*, for aigumen . sake are dowu to about 35 per cent over pre-war rates, with his about 50 to GO per cent higher, owing to the world's shortage and with a to live at the same status as during the war. The Empire's whee.s of twith » tired people) are at a reduced speed for the want of raw materia , and the products of the land are about two years behind, and until huge shortages as at present, the pinch will be Mt.S.'The 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 price* recede. If they do, wages must also, in a line with Japan and other Eastern 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 Gd in the £, which brings its earning power down to about i l / 2 per cent. Who would be worried about industry when War Bonds are paying V/i per cent., 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 economics as well as muscle-raising. AUCKLAND.

JOHN ROUm, 4.N.Z.T.A. REGISTERED ARCHITECT. 20 Empire Buildings, BWANSON S,T., AUCKLAND.