PARLIAMENT.
TUESDAY, AUGUST 1. HOUSE OF HBi'RES ENTATIVES. Tho House met at 2.30 p.m. J Thai Shipping ajrid Seamen Hill passed its linal «tag« 6. j Tie Seeds Examination Rill was I read thu swiond timo, pro forma. j 'Hie House resumed at 7.H0 p.m. | Mr .Wussey opened the finuncial dc-i bate. Hu objected to. the public, debt I being increased so greatly during times oi prosperity, arguing that we ougH to preserve our power of borrowing until tho necessity for it was greater than at present What, 1.0 ask«l, was the good of talking about a surplus when our indebtedness was| increasing every year V In fact, :Ll;i; surplus was largely due to the ux]>em!iiuro of loan money. <li the su;plus i-oally existed the natural inference was that taxation was too higi. The Premier preached economy, ibuL lie more than anyone else was responsible for the enormous'indebtedness of the colony. The ''Hon. Jns. McGowan urged that the best time to borrow money was when credit was good and when the country was in a prosperous condition, as better terms could then, be obtained.
The debate was carried oal by Messrs Berries, Rei'd, and Ell.
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Taranaki Daily News, Volume XLVII, Issue 7888, 2 August 1905, Page 2
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195PARLIAMENT. Taranaki Daily News, Volume XLVII, Issue 7888, 2 August 1905, Page 2
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