The argument in defence of borrowing is that inasmuch as posterity will share the benefits of the works on which public money is expended, posterity should bear it's share of the burden. If the argument is reasonable we should bear in mind that in respect'to the early settlers we are posterity, and that we ought to be- paying the deljts they in purred insteadof passing: them on to ou
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Gisborne Times, Volume XXV, Issue 1967, 31 December 1906, Page 1
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69Page 1 Advertisements Column 4 Gisborne Times, Volume XXV, Issue 1967, 31 December 1906, Page 1
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