Page 1 Advertisements Column 5

Pukekohe & Waiuku Times, Volume 9, Issue 530, 11 May 1920, Page 1

TEMPORA MUTANTUR ET NOS MUTA\fUB IN ILLIB. The Evolution of Economics. TT doesn't require a professor of economics to gi™ the reason why. Priorto the - 1 w?r the Dominion's man-power was about 300,000. Out of this ,, flower of the land, enlisted; 17,000 have paid the supreme sacrifice and about 20 000 permanent incapacitated, and the recent epidemic adds another 5,000. J, SgthTtotal 1,000; and, with no immigration we w, Ibe handicapped for a g* year'orio And do& not this also apply to the whole of the Empire? v^ During the second, year of the wear, production of man's requirements wMMr %£• duced our armies and munition workers had.adopted n. k**ft *s>: standard of living? and twice as much used in the shape of clothing boots, 4Mfc bntt£chßeaev£,ltc.. which thousands upon thousands . neverVccustomedto prior to the war, and at S lition workers as in the |i»wiif in J !y.y. l fT!T:T!TffTT7 T TTTTK'iisVitts^^ seeßtfg employment and the munition of starvation, how can prices recede. If they do, ws ern countries. This is a complex question. Profits are now taxed 7s fid in the £. For instance, an.mdustnal concern with a working capital of £IOO,OOO, paying 7 per cent., yielding £7 000 is taxed 7s fid in the €, which brings its earning power down to about \Vz percent. Who would be worried about industry when War Bonds are paying V/* 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 toadmtariai puVpoees but to guide his candidates, as he is an acknowledged authonty on economics as well as muscle-raising. V., AUCKLAND.

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