"BOOM AND BUST"

Rotorua Morning Post, Volume 1, Issue 78, 23 November 1931, Page 7

"BOOM AND BUST"

"A eontinuation of unprofitable railways, huge expenditure on public works, the enormous cost of "the ; gfowth of our social service," said Mr Appleton, Coalition candidate for Wellington South, when opening his campaign the other evening, "were not items to which Mr M'Keen (Labour candidate) and His comrades wished' to have attention drawn, preferring a policy of 'boom and bust.' High rates, • either as regards income tax or Customs duties, are not the remedy for a fall in j national income." "In my judgment," said Mr. Appleton, "Mr Holland the leader of the Socialist Party, made the same mistake as Mr. Arthur Henderson did in the Old Country, when, instead of standing behind Mr. Ramsay MacDonald and Mr. Philip,. Snowden, in forming a strong National GovernI ment, he followed the selfish dictates of party and missed a glorious opportunity of putting the Socialist Party *on side' with tbe majority of the public. (Din at the rear.) If Mr. Holland, Mr. M'Keen, and their colleagues had any regard at all for the national welf are of this country they would have come to Mr. Forbes' assistance. Instead of that we find the Socialists pursuing every " possible means of hindering the moderate parties in their work of trying to rehabilitat'e the country."