RUIN AHEAD?

Hawke's Bay Herald-Tribune, Issue 55, 20 March 1937, Page 7

RUIN AHEAD?

UfOOV »o I •!•»♦!/>« I1

Mr. Semple Talks Finance at Hamilton CRANKS NQT WANTED

. fBy Te!eprn r-,K

HAMILTON, March 19. , Stating that the Government "vvaa merely an extended form of house« keeping, the Minister. of Public Worka !(the Hon. B. Semple) said, in answer to » deputation at Eaglan, that the public purse had its limits, and that it waa not practicable to take out more than was put in. The Government was not going to be "bulldozed or eidestepped by monetary cranks. ' ' Even i£ the Government did p_osses» ithe Beserve Bank, they could not issue more money than the nation 's security jpermitted, said Mr. Semple. If they did New Zealand wolild be in a stata iof bankruptcy in ho time. If they iattempted to issue money without an feconomic background ruin would foh low. After stating that the Dominion was going to honour overseas obligations nssumed by past Governments, Mr Semple said he wished to remove the impression from the minds of gome people that the Government vras going helter-skelter for the rocks of ruin, and that. they could turn a machine and produce money like sausages. '.'Baglan on its merits 77111 • gst its .quota of the money I-can extraet from, Cabinet," added Mr. Semple. He again .. stressed his- intention of providihg bet- • ter Toad facilities, espeeially for backblock settlorSi He distinguished be- . tween farmers who farmed thfeir farms and- farmers who farrhed farmers vvho . farmed their farms, and declared that the person he wanted was the man who worked. for his living and contributed to the national well-being. The' maia who did not strive towards the building of the nation was the personification and qtiintessence of a 'doublebarrelled impostor.