State Expenditure
Sir,—l notice that the Government proposes to borrow. £19,000,000 this year. The Budget, however, is silent, as to where this is coming from. It is silent on a still more'important matter, and that is, what is being done to pay off the money Mr. Nash has borrowed in London. It .has to be met at the rate of about £2,000,000 a year. But no provision is made for (his in the Budget at all, and no provision is made either for the £2,000,000 odd which the doctors Will receive when medical benefits come in. So even with the increased taxation, and the new petrol and beer taxes, we will still be at least £4,000,000 short. What is to be done about this? CURIOUS.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GISH19390804.2.103.1
Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20007, 4 August 1939, Page 9
Word Count
125State Expenditure Gisborne Herald, Volume LXVI, Issue 20007, 4 August 1939, Page 9
Using This Item
The Gisborne Herald Company is the copyright owner for the Gisborne Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in