THOUGHTS FOR THE TIMES.
WHY BORROWING IS ■NECESSARY. ; i All shades of public opinion seem to be dead against more taxation, so how can the public services be provided for unless we borrow, and how can wb borrow without increasing the imports?
The question therefore seems to be whether New Zealand should suddenly stop borrowing in London, which would i very quiskly reduce imports and stop the country from “going to the bad to the extent of £5,000,000 a year,” as has been suggested, a stoppage which would dislocate the whole system of developmental work now in progress—or whether all that is desirable to restore financial equilibrium cannot be accomplished by natural means, as it yjT bag always been done in the past. ) —From Auckland “Star.” 7
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Hokitika Guardian, 19 July 1930, Page 4
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127THOUGHTS FOR THE TIMES. Hokitika Guardian, 19 July 1930, Page 4
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