THOUGHTS FOR THE TIMES
I’KOSI'V.I "I IVK Losses. lion F. J. Rollestoii. speaking at Timaru on September 19th. 1923, was reported to have advocated cutting down “the expensive, hydra-electric schemes now being undertaken in the North island, and which many people believed could never possibly pay. The saving would lie perhaps £1,1)00.000 per year. It was manifestly impossible to continue borrowing at the present rate’’ Mr It ul lesion’s views are sound to-day. Our working eapilal is going into Government schemes with their attendant loads of taxation. As with the slum]* seven years ago, so with the (fovernment. and municipal burdens now.
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Hokitika Guardian, 12 April 1928, Page 2
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102THOUGHTS FOR THE TIMES Hokitika Guardian, 12 April 1928, Page 2
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