PROSPEROUS TIMES
-Fress AsBocfation.)
Government's Good Fortune MR HAMILTON'S COMMENT
(By Telegraph-
WELLINGTON, This Day. "Tlie Government is wonderfully fortuuato in being in ofBee in such prosliojous 1111168," said the Lcader of the Opposition, the Hon. Adam Hamilton, when asked to coinn'ient to-day bn the iiudget. sL . "The Governnmut,''' he said, ' ' is comnvilted to a total ' expenditure of the Unge total of just on £40,000,000. We are cerlainly living in prosperous times, and we are spending the lot and perhaps a bit more. One mlght be pardoned for asking how the Government would handle the situation if price levels fell and the national income was materialiy leduced. "Public Works expenditure is mounting to a huge sum. If the money is being borrowed it will mean a big addi•tion to the public debt." Mr Hamilton said that the fact that there was no alteration in taxation was a very disappoiuting part of the Budget. Taxcs would never be reduced by the piescnt Government.
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Bibliographic details
Hawke's Bay Herald-Tribune, Volume 81, Issue 6, 30 September 1937, Page 6
Word Count
162PROSPEROUS TIMES Hawke's Bay Herald-Tribune, Volume 81, Issue 6, 30 September 1937, Page 6
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