Finances of New Zealand

Horowhenua Chronicle, 9 November 1911, Page 2

Finances of New Zealand

DAXOEIWS OF PROHIBITION. .\ OHEOK TO INVESTMENT. ATEW ZE ALAND owes about CSO,n()(),00() by way of public debt. _ The revenue from direct taxation upon liquor and paid in the consumption thereof is approximately £1,000,000 sterling per anjium. ff pioltihiti<m is carried this amount must be made up; -awl as the- value ol property will be lowered, general taxation will ha-ve to bo more heavilv increased to make good tile loss. Business men, property-owners, morc' 'ints, traders, everyone with a stake in the country is concerned, and our creditors mbroad aro watchijj.tr what the level-headed business 111:111 in New Zealand will do in the settlement of tin's great question. rTe cannot afford to dally with so im-p-irtant a matter. It 'concerns the credit and business: interests of the whole dominion. Every man should read the subjoined extract from the " Financial News." London, of date September 14th. 1911, to know what high financial authorities say and think, and wc give the extract without comn ent. Tt speaks for itself and suggests more than it savs."