THOUGHTS FOR THE TIMES
Tut-: IViii.ie Titusr Oi-i-'ict:
We understand that Government moneys held by the Public Trust Ollier at the present time amount to approximately six millions; these are in the common fund ami interest is credited upon them at tin* first -rate of o | «.*•■ cent. If tbe Pulidic Trustee invests them at li |er cent., he gets a profit nf £li().l)!)t) |er year. This amount carried to the credit of the fund everv year, with interest coni] nmnled. would lessen very materially the amuiini
which (hi* Government vs ultimately compelled to take from the taxpayers The Finance Minister is. however, apparently uf an easy going disposition and instead of compelling the PubicTrustee to a ciittnt frr the whole of the ine'i’iie received, less perhaps a ipiartcr | er cent, for 1 nlleeting. is eontent that he shall invest the difference on buildings, expand his reserves, or use it in any other way he ] leases, leaving the taxpayers to meet whatever deficiency there may be, when the cash has tn be found. Mercantile Gazette.
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Hokitika Guardian, 19 November 1924, Page 2
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174THOUGHTS FOR THE TIMES Hokitika Guardian, 19 November 1924, Page 2
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