MR. COATES OPTIMISTIC.
GOOD TIME AHEAD. “The depression may last a little longer, but there are better times ahead,” said Mr. Coates at the opening of the Mokau bridge on Saturday.
“Wool prices are good, lambs are doing Well, and dairy produce is alright. We have got to keep our heads up and stick to it, and if every man keeps to .his task we will pull through. “There is no room for pessimists. We .have been told that the Dominion is going back £10,000,000 a year. But answering that in the politest 'terms possible I say such a statement is contrary to fact. We could not do what we .have done, without money. But in the past few years we have managed to reduce our borrowing from eleven and a half millions a year to six and a half millions a year, and in addition we have paid deadweight war debts since 1922 to an extent of nearly eight and a half millions. “New Zealand’s credit stands higher than does that of any other overseas Dominion,” concluded the Premier.
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Manawatu Herald, Volume XLVIII, Issue 3732, 20 December 1927, Page 3
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180MR. COATES OPTIMISTIC. Manawatu Herald, Volume XLVIII, Issue 3732, 20 December 1927, Page 3
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