FOLLY OF BORROWING
HON. J. A. YOUNG’S WARNING VESTED INTERESTS DEFINED (Special to TIIE SUN) HAAIILTON, To-day. “If New Zealand launches out on a wild scheme of extensive borrowing in London.” said the Hon. J. A. Young at Hamilton last evening, we would soon find tho purse-strings drawn tight.” In further criticism of Sir Joseph Ward’s borrowing policy, be said too rapid spending of the money would cause inflation of values, and reduce the value of the money itself. Speaking of the vested interests, Mr. Young went on to say that the vested interests were really the invested savings of the people of small means. The Government was supported by all who had something to lose, and they could •always rely on the Reform Government to do the fair thing by them.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/SUNAK19281027.2.114
Bibliographic details
Sun (Auckland), Volume II, Issue 496, 27 October 1928, Page 10
Word Count
132FOLLY OF BORROWING Sun (Auckland), Volume II, Issue 496, 27 October 1928, Page 10
Using This Item
Stuff Ltd is the copyright owner for the Sun (Auckland). You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in