PUBLIC FINANCE

Southland Times, Issue 18826, 20 May 1920, Page 7

PUBLIC FINANCE

jPEKCII UV MR MASSEY. A WARN IN H TO THE PEOPLE. (Per Vuiteil Press Association.) WELLINGTt )N, May 19. Interesting references to public finance Here mane by the Prime Minister at the annual (i.nner ni the L’cn’.al Association to-nighc. Mr Masse v said that he did not vender , l!:: 1.! ihe'.e was to-day a great clamour ; -t public ex: mnditurc. Development. improv- men;. ami expansion were Vante-t in > inn, and each of the I shiinis w:is ;:t it- If yi.«|, but New Zealand j bad only a e.-n,au amount of money to I Spend, ami roold m>l Pk> empha- j «ised ;,m yr "It ;1L I■ in Hi otir time to avoid ■a wave of depr -.-ion. .-aid dm Prime Minhr ter. "W- do n • u,.. rc.-st-m. timl indu.-t ry on da |, ; .0pl- of rids t'i-t ha- 'o. n, many on in n-.vtt an.l eoun--9 f"f i'■ * ll : .r iit;, - Money ha- Iso, pl-nttfu! m S aland, more plentiful perhaps t:;an ;n any ; titer p.art of the Kmpire. Tim pcoo'm of tlm Dominion con-e-ntraioi i!".nt;y I!m war on doing evt rytiiin.tr they po-H ly e>>uM to supply the heart of H-e Emm re with dm products it required Wr dm u-c of its m ople, and for the Army and Navy. Tim consei jumiee has been in,.; money has pond into this, country in a nay w. had never experienced before. Hu: a. change is r aaiir; over the | set-tie. Mm wdl irev ,-eeit iron, London | tiiat ;;l’■■■;dy there hj• - in en a drop In j price-. lim mi;;a:aiid “r ol rair pta'dtiee is l coming to an i nd. and we must not ex- j peer to receive no- ri.a' [nan ana! pm h:cr,th.e pfic. - diai have Ivan receiving There is no irae-ram ie.tr that some people vcill see cmsol id'.;, i t dm reditctiott of the cost of living. V.'e .:! want to see the cost of living reduced, U;r remember that wo are nor hkedy To have rne amoim, of money to spend that we ha e had during the hist few years. That is c tty I wl.-h to impress upon the put die of this country the ncces»ity of I cing r ,rct)if,