NEED FOR CAUTION.

Dominion, Volume 2, Issue 438, 22 February 1909, Page 5

NEED FOR CAUTION.

i; .'in, the'.'course.of ;hifl.speeqh', at - ; the'■■' recbp-' tibn. tendered;, to.' , ' him. in .Dunedihibnl- Friday ■'nignl/l'ttevHfani'- : J^-A.^:Mi]] i ar,-:.Mnisfei.'"ior , Raihyays/jmadean,interesting; statement on; I the :flnanoittl outlook and 'the need for. caution., .i.Ho^.HadJbeen'Vtwittetl; (lie said)'■sometimes •with ; departmg : frpm..the policy of .the .'Liberal) ;opemngi,up.;the' country, with; : niilwsj;s7."•Hβ'-., was.. : not tfen'arting. f :the'.spolioypleid.:.3o'yfh'";)atV^.^/.-^ 1 said was ihis'i'We-.were.'face Vtb; face -to-day arisen for,some: tightness :not; ■only : in r .'New.:'Zealahd : ! but. : ih.iiir parts of the '.world;; Tho trouble ,tobk place in; Atner-' . ica ; was ."affecting: this coUritry. ; ; Hβ was pes■',Hmistio;ehbugli::.,to,'.say'that' the:-baromßter : • ; pointe'd>'.-to. '.Hβ.:;was.. optimistic: •'enough'. to;■ ■ say that ,• ■ there was^no'■/.'trouble , :l6omin'g;vi»s!'iair ' ! .as-,No i w r . ; Zealand:'.was : ;.cefted/V'v;But',;notwithstah"dirig':'thati'he';':be;liey|3dkthere'..was:: no immediato. trouble'■■Cdm-. .■in'K ityVwas'-theiduty:. of tho'Government: to; reauce;:ife'expenditare:.as'far; ; as': ; it:,possibly ■■codd;'\'^M i t-\ves:--cauiiDgi-..the:/jt]ghtiiegs:--of-;Ports;:of ■Maßtiyear;-. it;iwas ,'touf :ihH]ioii9 sterling; less- than : that' of ■; the .vwhdroas; .the ; ; imports'-; had■ in r ' 'creased by nearly:p'no.'million sterling.:'/.Well;-■•if-the'y; had not got.fpur-niillidns:in.the.coun-' :try',that''they, w'buld: have .had; br.'ouglit to have" ha'di; l if;.the held, ■ and ■they: ;had had 1 to". send: a million .more J out "of 'the" .country—andfhibiicy had , also,r.been..;sent',to they wonder at the tightness ! :.in..tliis-cburitry:wholi. there were.' ; : available: Tiyq'milliohs-sterling less -than :there; was 18 months;'--agd??•■ That: : the ..positions in ; a nutshell:, ; ' This, vyear: tlie;;prospects, : Avere '■ a good•-, deal,■■ better.: .The;:price";. of wool ■-.had 'poribaip/.a'nd/:as far. as'one: could'see;: judging .by, the.'.butloplc l of the';harvest, : .they Were foirig to:hayo'a very good.season; 'They,also now. V that :• the ; Tnohey';: marketywas-'gqtting ;ea'sier;-sp-that if.;tho' value of .'products'■■ rpseV ■bringing still:more money, into:the .there',; would be more •'.'money:' available .for different '•"industries' and cqmniereial -pursuits : ; tnroughout( the.'eountry. >:M the earno' time, it .ibehoved the: ,■■ Government : to /exercise 'a groat deal of ■ 'caution;'hb'troiily'.-in the' Hail-' wayi'Doprtmentj.sbut in; tho. other. Depart-' monts,- m : ;order to see that was ; kept within.faiv.bounds/wliile.iu rio:wa'v, bririgniE.about an 'unemployed crisis 'oV anv,thing.like:that. ;Thero.was nqneedforpanie or for: an .undue; extent of reduction of hands, :but;there,was need for caution—that no more men >yere : .employed. in ,the Government ser;,yice, than thorenyas. work for them to do — (Applause.)..';;;; -.-.. <:< •••■:.-•-..- : : ; ;.-.-''-,■■,