EVILS OF TAXATION.
PHENOMENON OF HIGH PRICES, By Telegraph,-\Presa Assn.—Copyright. Received Nov. 18, 10.20 p.m. London, Nov. IS. My. R. McKenna (a former Chancellor of the Exchequer) speaking at Manchester University, emphasised the evils of excessive taxation, which impounds savings, and deprives commerce and industry of an essential condition of growth. Moreover, in order to meet the demands of the next collection, traders were forced {o borrow, and such loans had given an increase in purchasing power without a corresponding increase in commodities. Hence there was a great increase in the velocity of expenditure, which was the cause of the curious phenomenon noticeable since the armistice, whereby increased production had been accompanied by rapidly rising prices.—Aus.-N.Z. Cable Assn.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/TDN19201119.2.42
Bibliographic details
Ngā taipitopito pukapuka
Taranaki Daily News, 19 November 1920, Page 5
Word count
Tapeke kupu
118EVILS OF TAXATION. Taranaki Daily News, 19 November 1920, Page 5
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in