Big Exception

NZ Truth, Issue 1237, 15 August 1929, Page 6

Big Exception

; AN. oft-repeited cry^'that dinsJiv, ;:thc 'C^jks 'of tlte. Gpy Qi-nmei! t is : "Ilaiids ,6'ff^pcivate entjetp'rise!" ■'; In y .justifica'tidn; 'of ■the^compTairit V; of ; the'' business ;L: agaihst State tra'dln^tc:dep : artinents the siatement;vJSyir\4'qu^ such ventur.es;C ar.e ' •^a'tte'n'^ed ■'" by . financial failure; -'a" specific 'instance / being the ■RaiVway;Deparjfrnjent: ; , There '■; is. at " least one . State de- ;, par^ment that belies the pbjectiojis. raised, and that is the' Public Trust Office, which , far ' from \being ; a financial failure, has , prospered beyond all expectations. .? _ • •So ' 'successful has the Publkr Trust venture been tliat the Prime • Minister has announced sweeping "I .reductions in-, certain charges.,. ■•>.•- In 1914 .the value of the estates '•'Administered was £12,282,283; .m 1929 the amount was £48,334,790.. If the Public Trust can' pay >o handsomely, why not the other • State departments? • .