SALUTARY MEASURES
We are not only dependent on overseas investors for loans that have been excessive in times of .prosperity, but we are dependent for our whole economic well-being on world movements of prices which we are powerless to control. Jf that precarious* m'css of New Zealand’s fortunes could always he remembered when prices are good, causing a limit to be set oil both public and individual spending in the expectation of different conditions to come, we should feel less the effects of times like the present when they cease to favour us. Till that wisdom is learned, .. setbacks to our well-being will occur at intervals, as they have done in the past, the main security for our general prosperity Ibeing that the world will, always require goods for food and clothing, which make our main exports. The necessity for restrictions which the Budget proposes has not come suddenly.—Dunedin ' “Star. ”
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Hokitika Guardian, 16 August 1930, Page 2
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150SALUTARY MEASURES Hokitika Guardian, 16 August 1930, Page 2
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