ACTION WANTED

Hokitika Guardian, 19 December 1932, Page 8

ACTION WANTED

CONFIDENCE. IN THE FUTURE. Economy in public expenditure and the saving through debts conversion were mentioned by Sir Robert Horne as leading the way to a reduction of taxation m the next Budget. “A reduction in taxation -should- help trade rnd. reduce unemployment,” he continued. “But the question continually asserts itself—will next year be soon enough ? Before the next Budget we : ,hall nave to pass through a difficult and bitter winter.

It is now that we want action far more than six months hence. If the Government could devise somcl relief from taxation in respect of all money expended within a certain near period in n w developments of existing enter, prists, the effect on industry as a whole would be stimulating and immediate, for it is high taxation which we are called on to boar that is so stifling to-progress,” Concluding his speech, Sir itobert Horne-said -“In our report to you we struck a. note, of reviving confidence regarding the future; 1 echo it to-day. The .winter we are facing .will be bal’d, but I hold the belief that it will mark the end. of our most acute sufferings.There are already incipient indications of improvement; and one of the cheerful elements, in the situation is .the courage with which the British people have met,, and are meeting, their diffi-. cclti.es: By their patience, their endurance and their tenacious hold cn tlie principles which they know to b' right they will achieve their reward and help the rest.of the world in tho process. Within , o ur sphere we are acting in the belief that recovery is no longer remote.