SOUND GOVERNMENT
LESSON FROM TONGA NATIVES LEAD THE WAY Few Governments are in the happy position of that of the Kingdom of Tonga. In a statement of assets and liabilities issued by the Tongan Treasurer for October last there is an excess of assets over liabilities of £153,171; a statement for* November shows the favourable balance at £155,222. Total assets for November did not amount to over £176,450 but, nevertheless, the natives in this little part of the Pacific are apparently giving a practical demonstration to the rest of the world, and showing that it is possible to maintain a country’s finances on the right side of the balance sheet. Tonga is the only country in the world without a national debt and with a surplus in the treasury.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/SUNAK19300320.2.184
Bibliographic details
Ngā taipitopito pukapuka
Sun (Auckland), Volume III, Issue 926, 20 March 1930, Page 16
Word count
Tapeke kupu
129SOUND GOVERNMENT Sun (Auckland), Volume III, Issue 926, 20 March 1930, Page 16
Using this item
Te whakamahi i tēnei tūemi
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