ENOUGH MONEY
IB WE ABE NOT EXTRAVAGANT.
, A brief statement about prospective loans for expenditure in New Zealand was made by the Minister of Finance to a reporter yesterday. •Mr. Allen explained that all moneys required for war expenditure had been • arranged for with the assistance of the Home authorities. "For public works that are actually in progress," he said, "I have no doubt that we shall also be able to make satisfactory arrangements. For new works it may b'9 necessary to go on the London market, and if wa do we shall of course have to pay a high rate for the money, because of the enormous demands upon' the British resources for war and other purposes. I have done the best I can, and if we must havo the monev we mußt pay the higher rate. . At the same time I am happy to say that our finances are so strong that we 6hould be able to avoid gping on the open market for some time. As long as we husband our resources, and are .not . extravagant, we should be able to carry on for a long time without going' on the market for new public .works. It is extremely fortunate for New Zealand that our finances have been so carefully watched that we are in an exceptionally strong position in regard to our loan money funds."
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Dominion, Volume 8, Issue 2407, 12 March 1915, Page 7
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229ENOUGH MONEY Dominion, Volume 8, Issue 2407, 12 March 1915, Page 7
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