NEW ZEALAND’S STABILITY.
PRESENT POLICY COMMENDED.
LONDON, Aug. 2. e uianeial Times devotes considerable space to the New Zealand fget, which, it says,, “demonstrates the sound and flourishing condition of 1 i e ,. Dopnmon ’ s ' finances. The record of the Dominion for the past 11 years is eminently creditable so far as the public finances are concerned.' Only once in that period was a deficit incurred, while surpluses were secured aggregating almost £26,500,000. The latest figures are highly satisfactory, n is. Budget speech Mr Massev gave some interesting information concerning the Dominion’s public indebtedness.
A net debt of over £200,000,000 may appear large for a country with so limited a population, but since the ie are valued at it is still far from being excessive, especially when account is taken of the vast national resources ot the Dominion, and the virility and industry of its inhabitants. Meanwhile, borrowing is to be confined to- productive works, and the Government is to continue to pursue a policy of . economy. The Premier may 'veil predict that with proper management Now Zealand will maintain its prosperity and its reputation for progressive development.”
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Hawera Star, Volume XLVIII, 13 September 1924, Page 16
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188NEW ZEALAND’S STABILITY. Hawera Star, Volume XLVIII, 13 September 1924, Page 16
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