BOOMING NEW ZEALAND.

Taranaki Daily News, 3 July 1919, Page 5

BOOMING NEW ZEALAND.

MESMASSEY'S iPp^.Ajng^jJ By Telegraph.—Press * / $f Received July 3, ItSO a,m. :'d?M London, July Mjm In the Empire number of the WniMßn|g and Bullionißt, Mr. Massey has a ■jwiMM article on New Zealand, the pretest i tion and prospects. After detailing *msm strength of the Dominion's forces tltfii noting their excellent record in Add <Wtl| camp, the Prime Minister states Utattl|H Dominion's financial responsibilities Win jthe direct result of the war are VMJMra heavy. Including the capitalisation pensions, the war has cost the DomlnWro little, if anything, less than two millions. It is estimated that the snnjfHiffil cost of pensions, which an the »«Wg|jf generous in the world, will be not l#W%*i than two millions. This charge is artifjulf «d as a debt of gratitude. There U Jt*JLj lack of confidence on the part of IfetCßj Zealanders in the future. They b*Vvra| sturdy faith in tbe strength of, tp*J§ Country to carry the heavy burden. sl|»|| Dominion's resources, especially M >!0" m gards primary industries,"are stjllJW'iif able of enormous development, ana s*jji test is yet to be. ;feffl There will, within a comparaUnMfjj short time, be room for industries wWeKM hitherto have scarcely been thought of,*| far less explored. The iron industry ii ; #J an example, there being huge depwits4;|] both of iron ore of first class quality ironsnnd on the weft coast of the NortjMrl Island. , Experts have expressed opinion that there is nothing better ia||| the world. There is an immense seon#}j|| for the development of our unique sources. ' r* As regards water power for generating jf*| electrical energy, it is intended to JTOt&3 these works in hand almost immediately, 'th It is an important part of the reorgan-. ; '2 ised activities of the Dominion after,the Jt war and following the lessons of the wax,'? lji which have shown the necessity for e$0 f '': part of the Empire, to develop its .OWB " resources. Plans are in preparation tm/« a wide development of New enormous water power in order to vide all the centres, and many of 'the! j smaller centres, with electricity' for's domestic and industrial purposes. Then ; f; is no scarcity of coal in New Zealand,'?* but the cost of handling and transport .$ makeß it necessary that we should econo« ;"4 mise in the consumption of coal suppliM ; J by an extensive use of electricity geaei- ',.{ ated by natural water power wherever 14 practicable. That is the aim of the '?, Government, and the prospectg ofjpfpflfr- S* able extension are very good. ThS eat*^ 5 perimental stage has ben passed, and the * ".' value of the development of "water pjwe* * has already been proved by ;the State at 1 Lake Coleridge, where the scheme has', j been a marked success, and the reluttji '4' obtained cry aloud for a wide tatnt&ati!"* and tho response will be MtetJsjJ;' It ' is estimated that the cost of the pNMfsf i works will he about seven miHiont. ■> Railway transit will alio be defilflpid, .4 It is intended to complete several tsß> l 3 ways under construction aa seen a* and material axe available, thus ntfiayH taining a steady Bupply of employ&St. '*2 Road making and bridge bnffinw «ffl / also be carried on vigorously in oroerito> ! open up new country for settlement. '■'■- Ne.w Zealand will qot be a factoring country for some time to and must rely principally on prtsß|J industries, but that is no reason development of secondary industries for* -, which we have raw material should 804' bejmronraged in every possible wafc ■'; The principal business In hand bo#*l«V * repatriation, which is leu difficult fjaal a many people imagined it would be, W* * cause e, great majority of the nan h***„, homes or businesses to return to, wljW'.'Cl employment awaits most Of those wfco ij require ii .It must be said with satis* 1 faction that onr men are settling downT ,1 with credit to themselves and fbt.'ij Dominion. Tho Government is finding $ suitable land for the settlement of re» i'i turned soldiers with agrioultural expari* V' ence who desire to secure holdings aqit \' win success from the soil of the country . which rewards industry. is freely given to those likely to WJ .' successful settlers. To encourage TNtf' '" who, for lack of experience and qEMfc \ reasons, ara unlikely to succeed wow mean misery and failure for them Dlkjt V> certain loss to the State. droit oat* ' therefore, is being,exercised as tmtm '4 selection. The latest official show that 1200 returned soldier* ltftjrT;| been placed on the soil, and a ]nsVl percentage are practically certain itafdjV 1 well—Official. • ?"*» .1