Depressions and Slumps
BILL BOWYANG.
Sir, — Mr Langstone states: ''Between 1923 and 1930 £5,121,000 had • been added to the pui>lic debt; during the same term £4,000,000 a year had, been given back in taxation." - Mr Langstone evidently thinks the public will prefer a LAbour Party which increases taxation by teu million pounds in two yeaxs to , a former party who returned £28,000,000 to the taxpayers during a depression, while only increasing the public debt by £5,000.000. For pure wisdom can this be beateu: "No matter what happens elsewhere, there® will never be another slump dn New Zealand while the Labour Party is in power." Let -the total value of niiv avnn-rfa Cn?1 +/% *« *a
VU* JLCVXX tu UXXXXg XIX CUUUgil IV pay our yearly taxation, and I believe even Labour politicians will be able to realise there ia ft slnm-n nn. — V nnrs. et.r*.
Hastings, October 8, 1937.
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Hawke's Bay Herald-Tribune, Volume 81, Issue 14, 9 October 1937, Page 6
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147Depressions and Slumps Hawke's Bay Herald-Tribune, Volume 81, Issue 14, 9 October 1937, Page 6
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