SLOW BUT SURE

Taranaki Central Press, Volume IV, Issue 447, 1 June 1937, Page 2

SLOW BUT SURE

Help For Farmers In Hungary Budapest, May 15. A new order issued by 'the Government is expected to faring a considerable improvement in the si tuition of the small farmers and householders who acquired their ground ■through the Land Reform Act. aSter the war. The amortisation debts of about 400,000 families will be reduced by 120,000,000 pengos, one-third of the whole sum, which means that each family’s debts,’ will be reduced by from £l2 to £l5 a year. War widows, wlar invalids and persons who were decorated for merit (luring the war will receive an extra reduction of 20 per cent., and the in. terest on the land will be payable in instalments.

This measure hat been an urgent necessity for years, and the Prime Minister’s action is acclaimed by la.ll parties.

The increase in prices. stl ]j persists, and foodstuffs such as flour, grease, meat and potatoes are from 50 to 100 Per cent, dearer than last year The high prices are constantly discussed W meetings of stake and city employees, who demand' that the reduction of salaries, introduce 1 some years ago shall be cancelled.

Those reductions amount to front , to 50 per cent., and the employees c aim that as the economical situation shows an improvement the reductions are no longer necessary. One sign Of the economical improvement is the rise in export, which reached 95 5 Pengos in the past two months, an increase of 36.1 millions on 'the export in these months last year The abolishing of the salary and ~ reductions by J Budget was balanced, would mean t h e Budget anew wjth -- 8 ’ as ’ the Gov ornnient dannot see tts way to do this. he number of state employees amounts to 116,000, while th& num _ „ ° f Pensioners is 178,000. This S e y dH eXPiained b> ' the faOt that utilated Hungary with its population under 9,000,000 is obliged to Z de pensions for the inhabitants of the former great Hungary.