A word of warning against allowing local body indebtedness to increase without restriction was voiced bv Mr (1. H. Scott, president of the New Zealand Association of British, Manufacturers and Agents, at the Association’s luncheon to the Prime Minister and Minister of Customs at Wellington. Replying. Mr Coates said that Mr Scott’s remarks were worthy of note, but he pointed out that the Government intended to take measures having for their object the regulation of local boclv borrowing. The Government was anxious to ensure that borrowing was conducted in such a way that the country would benefit economically. board of experts to ~he set up to examine local body borrowing proposals would endeavour to see that the country received 100 per cent, value for all inpney borrowed,
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Hokitika Guardian, 9 February 1926, Page 3
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127Page 3 Advertisements Column 3 Hokitika Guardian, 9 February 1926, Page 3
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