RAMSAY MACDONALD, M.P.

Taranaki Daily News, Volume XLVII, Issue 81890, 19 November 1906, Page 3

RAMSAY MACDONALD, M.P.

MORE TALK ABOUT NEW ZEALAND. AN ADVOCATE OF LEASEHOLD Melbourne, November 17. Mr Ram-ay Macdouald, iji'-Tview-ed, said that New Zealand na= a country of great possibilities, but lequned very eaielul management to secure prosperity to tue genera, body -of ptoplg. it .\eii Zealand was going i« cany 011 progressive legislation he system ot laud trould require to be knocked "U the in ad for freeholders were being given the chance to skim off die cream of tincolony. The great problem of the Labaur parly was the puicliase power of money. Tiny had in -he past cunceiiirated too much atmtton on the amount ot w„gi • ie' eiud, am. as a consequence 01 onoi'kcd the lact that whi e way; had mcreavd he COtt of living had g me uji out < I all proportion to the wages. I'hey would be fooli-h if they tried t<> /ore. no wages in keeping with he eo-i ..f living. In thi, connee Mi McKab 1 incl pjliey enrs in with -lit c.initiation of the freeholder. That policy if carried out woud eventually reduce the eo-t of living and corItspondingly increase the pure haing powr of money. Ik- thought New Z'aland ought to very carefully c insider whether it was ni e in it- protection polity. He had fen no lung in the cirumsaancc* of New Zealand to make him change his opinion wrh regard to freetrader. The N'w Zealand L"an and Mercantile Agency Ompany, Limited. have just received ,1 cable- from their London ofhet advi-mg that wool haadvanced id p-r lb. The mark.' is generally better and likely io continue so.