A GLOOMY FORECASTE.
PER PRESS ASSOSIATIGN. Rseeived 13, 10.12 p.m. Londow, February 13. Mr. H. W. Wilson, assistant eiitor of the Daily Mail ia a series of articlts, anticipates an Australian crisis, exceeding tnat of 1898, arising frem a perpetvul borrewiaK policy, of hindering immigrad in, maiutaiuing a fiatious wage i'it-, and tha drought. He estimated that eleven millions will I'ava been expanded on unproductive works during the fiv; years ending March 1904. Retrenchment has been confined to th.-* na'ioi'al defences. The indebtedness incurred, was maintaining tha woik«r iu comfort and affluence, who regirded the new coiner merely as a competition for wages within his own sphere. Th> ioau had fliaintiised a paradise deapitu ! deficits and a policy of relief works and old age pensions adopted. Au.«?ralia ought to hive grown aad developed but the birthnua wss steadily declining, and tbe loss by emigration in tha last two-years exceeded the gain by immigration. Socialists had swayed tbe past policy and were now seen steering Australia to a n >t distant or certain ruin,
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Taranaki Daily News, Volume XXXXV, Issue 40, 14 February 1903, Page 3
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173A GLOOMY FORECASTE. Taranaki Daily News, Volume XXXXV, Issue 40, 14 February 1903, Page 3
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