FINANCIAL STRINGENCY
It is impossible to dismiss as idle, fabrications the assertions -of responsible business men concerning the transference of capital from the dominion to other lands. \Ye cannot attribute this to the mortgage tax, which has been in operation for; a great many years and which was actually reduced in amount seven, years ago. The true explanation is a most to be found partly in the unsettled industrialconditions in New Zealand, and in. so far as this is a factor in the case the Government must to some extent be held responsible by reason of. the lack oF firmness it displayed last year an handling the crop of labor troubles that occurred, and partly in the manifestation by the owners of large estates of their resentment' of the new style of graduated land taxation. —“Otago Daily Times.'’
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Gisborne Times, Volume XXVII, Issue 2484, 24 April 1909, Page 7
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138FINANCIAL STRINGENCY Gisborne Times, Volume XXVII, Issue 2484, 24 April 1909, Page 7
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