INCORRECT FIGURES
When a speaker undertakes to review New Zealand's finances in a paper read before a Science Congress, he should be careful of the facts. On the report of his paper read at Sydney and published lately, Mr. Holt seems to have gone astray in certain directions. Thus he speaks of the defieit in 1928-29 as amounting to £1,021,000. On the authority of the 1929 Budget, the actual sum was £577,252. Again he speaks of the estimated defieit in the current financial year as being £8,760,000. The highest figure named by the Minister of Finance in his Statement on April 7 was £8,300,000, Mr, Holt
says this was to be reduced by half by various ineasures. Mr. Downie Stewart's proposal, however, was to reduce the shortage by three-quarters, thus leaving what he called a "manageable defieit" of £2,000,000. A good deal of what Mr. Holt had to say on New Zealand's national finances may not be wide of the mark but his remarks would have been better supported by a more accurate statement of the figures. *
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Rotorua Morning Post, Volume 2, Issue 313, 29 August 1932, Page 4
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177INCORRECT FIGURES Rotorua Morning Post, Volume 2, Issue 313, 29 August 1932, Page 4
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