[?]DWIN'S SPEECH

Rotorua Morning Post, Volume 2, Issue 266, 4 July 1932, Page 5

[?]DWIN'S SPEECH

l)Sh Official Wireless)

1 SHADOW OF DOUBT

RUGBY, Saturday. jey Baldwin, the aetinga broadcast speech on the scheme, said if he might rhat Be ?aw in the House is and in the papers tohat was heard and being diere, there was not the a douM that the puhlic ;his thing through. ivin added : "We have gone r sinee the dark days of i, but much remains to be :he obstacles is the burden l It is the duty of the t to peize every chance of cpenditure, thus reducing ; to he taken from the axation. ovident'al that just when most needs reducing there ce of nmking a very large the del>t interest, whilst v oRservmg eVery obliga?h the t'a'th of the country edged. latest pre-war scheme for ion of (h'hts in this counmt elfevled by Viscount i 1888. The immediate i effectvfl was £1,400,000 i. The immediate saving n the present scheme is imes ;■> great. Viscount is dealiiig practically with f the national debt at that ;cheme relates only to the hieh is loss than one-third ient national debt. il importance for industry it mass of £2,000,000,000 ■aring 5 per cent interest. een a deadweight on the rket for many years. Neiate nor the local authorirftish industries could obI on sueh cheap terms. restored national credit fied this scheme, when it it will enable industry to aey it rn-eds more cheaply, more than any other new iovernment or country can iresent moment to set the industry going again." win read a letter from the ister to the Chancellor in former said: ilders oi loan, large and I am confident, respond ernment's appeal with the will and patriotism which people always show when ional eTort is required. diolder of war loan plays y rgsponding quickly, ant step forward will have towards the restoration of osperity.