A peculiar explanation of the attitude of the Mosgiel Woollen Company with regard to the Tariff bus been offered by some of our contemporaries, whose inclinations lead them-* towards protection, It is argued that, the Company has a monopoly, which would lie destroyed if the duty were to be increased, because other companies would spring up. How it got the supposed monopoly is conveniently; overlooked, as is also the fact lhati there are about half a dozen woollen companies in the colony, and that' others were starting before the increased duties were proposed, in tho full belief that, with proper management, they would be able to make a profit at the rate of at least ten per cent per annum, In the fa?e of such facts, the arguments employed must appear worthless, Protectionists will have to go farther afield to find the true reason for the Mosgiel Company's protest.
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Wairarapa Daily Times, Volume VII, Issue 2037, 9 July 1885, Page 2
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149Untitled Wairarapa Daily Times, Volume VII, Issue 2037, 9 July 1885, Page 2
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