CURTAIL EXTRAVAGANCE.

Manawatu Herald, Volume XLII, Issue 2132, 25 May 1920, Page 2

CURTAIL EXTRAVAGANCE.

“IT will take us till our lime to avoid a wave of depression,” said the Prime Minister in Wellington recently. “We do not want depression, and 1 believe that it ran be avoided, hut it can be avoided only by care, economy and industry on the part of the people of this country. We must, curtail the extravagance that has been going on in the town and country for a long Cme past. Money has been plentiful in New Zealand —more plentiful-per-haps than in any oilier part of the Empire. The people of the Dominion concentrated during the wav on doing everything they possibly could to supply the heart of I In* Empire with the products it required for the use of its people, and for the armyi and navy. The eoiiseqnenee has been-Unit money has poured into this eonnlry in a way that we had never expericneed before, but a (-Image is coming over the scene. You will have seen from London that already there has been a drop in prices; the commandeer of our products is coming lo an cud, and we must not expect to receive for our principal products the prices that we have been receiving. There is no question about that. Some people will sec consolation in the reduction of the cost of living. We all want to see I he cost of living reduced. hut remember that we v are not likely to have the amount of money lo spend that we have had during the last few years. That is why I wish to impress upon the public of Ibis country the necessity of being careful."