... lia, and his comment, after three months here, was: If we ran farming in Australia the way you do here, we would soon be a bankrupt industry. His point was that, while agreeing we are highly mecha nised, we are also the most wasteful users of machinery ...

... a much lower rate of interest than is payable on borrowed money. Surely, if this proposition were true, we would all be bankrupt! A normal business return from invested funds is around 15 per cent. This exceeds his quoted 10 per cent per annum on a lease ...