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Hokitika Guardian, 7 November 1928, Page 3

Because New Zealand’s loan are held in high estimation, the United Party can confidently talk of enormously expanding the market for its securities. They ignore the risks of straining the country’s credit; they may even have undisclosed reservations regarding the possible necessity of tempering their lavish demands; but have they given sufficient thought to the dangers of repercussions upon other financial operations? Next year. £24,Uf)0.0(K( of debt matures: the Government lias been carefully preparing the way for its con version, but whatever the state of the country's credit, whether it is maintained or impaired by events in the interval. that debt must be renewed no matter how onerous the terms. A\ ith that liability in prospect. New Zealand cannot safely venture upon whole sale financial experiments.—“ New Zealand Herald.”