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6. This is a manufacturing country and upon the con-
finuance of our manufactures in a healthy and stable condition
our greatness as a nation depends and must continue to
depend.
7. We cannot contemplate this country if reduced to
trading and finance being able to support a population of 46
million people. Under such circumstances it would with
difficulty support 18 millions.
8. These facts are elementary, and it might be thought
that the first care of our legislators, keeping these facts in
mind, would be to frame their policy in the direction of the
conservation and development of industry, or, at least, to
refrain from impeding industrial development.
1a,
9. So far from this being the case it must be realised
that for the last two decades sentiment and sentimentalism
rather than reason have been the mainspring of domestic
policy.
10. The industrial ignorance of political parties in this
country, and the readiness with which they have from political
motives added to the burdens on industry, is illustrated by
the fact that during the last 40 years social burdens have
increased by about 1.500 per cent.
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11. In vain have protests been made as to the inevitable
result of such a course; in vain has it been urged that the
cumulative effect of such burdens and their accompanying
administrative expenses must sooner or later result in a
declining industry and a bankrupt Treasury.
12. It is indeed time that we faced facts. Democracy
nstead of being bribed by promises and benefits must be
told the truth.
13. The passion for making royal roads for everyone
rom the cradle to the grave must give place to the con-
sideration that in a well ordered State, the conception of
he State as a fairy godmother is a fundamental fallacv.
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14. The prosperity of a people depends on their own
'xertions and the measure of that prosperity must govern
nv State benevolence.
15. The example set by the State in the matter of
xtravagance has served as an encouragement to local
wuthorities.
16. Such extravagance, national and local, is draining
he country of money and is engendering in the people a
eeling of false security which is being translated into apathy.
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