ECONOMIC SLUMPS
OBSERVATIONS IN CANADA. OTTAWA, Canada. The “Ottawa Citizen” editorially praised the Prime Minister of New Zealand, the Rt. Hon. M. J. Savage, for announcing recently that he refused to subscribe to any theory of the inevitability of economic slumps. The “Citizen” said: —“New Zealand is apparently moving to the point of understanding that so long as productive capacity at home is more than sufficient to maintain an abundant supply, there is no inevitable reason for severe privation as it has formerly been allowed to manifest itself under the term of ‘depression.’ Similarly in Canada. whatever disposal may be made of the surplus of wheat for export, it must surely be made possible to distribute more of the abundant yield throughout the homes of the Canadian people. Certainly no child should be without daily bread in this land where bread could be as freely available as drinking water.”
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Wairarapa Times-Age, 12 November 1938, Page 7
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149ECONOMIC SLUMPS Wairarapa Times-Age, 12 November 1938, Page 7
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