DEPLETED EXCHEQUER
PRIME MINISTER PREDICTS DEFICIT
EXPENDITURE EXCEEDS REVENUE
Press Association INVERCARGILL, Wednesday. Dealing with tlio national accounts at the banquet tendered him to-night. Sir Joseph Ward said the revenue would not equal the expenditure at March 31 and the country would face a deficit. This could be safely negotiated in the coming year, but it meant that the Government would hav* to Have the assistance of the people to equalise the position in the coming 12 months. Be had no anxiety about it and he merely mentioned it to prepare the country for the position that would be disclosed by the publication of the statement of accounts.
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https://paperspast.natlib.govt.nz/newspapers/SUNAK19290321.2.74
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Sun (Auckland), Volume II, Issue 618, 21 March 1929, Page 8
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108DEPLETED EXCHEQUER Sun (Auckland), Volume II, Issue 618, 21 March 1929, Page 8
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