Page 1 Advertisements Column 4

Pukekohe & Waiuku Times, Volume 9, Issue 529, 7 May 1920, Page 1

TEMPORA MUTANTUR ET NOS MUTAMUR IN ILLIS. The Evolution of Economics. IT doesn't require a professor of economics to Rive the reason why. Prior to the war the Dominion's man-power was about 300,000. Oit of this 112,500 the flower of the land, enlisted; 17,000 have paid the supreme sacrifice, and about 20 000 permanently incapacitated, add the recant epidemic adds another S.UUW, making the total 42,000; and, with no immigration, we will he handicapped tor a year or so. And does not this also apply to the whole of the Empire? During the second year ot the war, production of nun's requirements w»« reduced materially, and our armies and munition workers had adopted a k igher standard of living, and twice as much used in the shape of .•lothing, b rots, aeat, butter, cheese, etc., etc.. which thousands upon thousands unfortunately were never accustomed to prior to the war, and at the time the prices of those com modities were not a burden to the soldier and the munition workers as in the first instance the soldier didn't pay for them, and the munition workers didn t feel them owing to the enormous wages paid. Now the war has ceased the soldier is . seeking employment and the munition worker's wages, for argument sake are down to about 35* per cent over pre-war rates, with his requirements about 50 to same status as during the war. The Empire's wheels of i dustry (with a tired i . i jr__xu_ „rr, .** A f nam matfiFia an/i t.n« nmntir.ta m the land are about two years behind, and until they get back to normal, and with a nigner stanaara oi living, wmuu ui«™«™»"»» —-- *- _-—-■ 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 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 6d in the £, which brings its earning power down to about i x / 2 percent. Who would be worried about industry when War Bonds are paying i I A 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 economiss as well as muscle-raising. V„ AUCKLAND.

CHANDLER CARS FOR IMMEDIATE DELIVERY. Local Agents GALLAGHER, HOWE AND MOORE, The Motor Garage - - PUKEKOICars for Hire. Overhauling done* by Expert Mechanic. Phones—Day, 4. Night, 115 or 145.