FINANCE.
THE GOVERNMENT'S POLICY. By Telegraph—Press Association. Auckland, Last Night. Tn replying to a deputation, the Prime Minister 'made a statement with reference to the Government's policy regarding finance. Mr. Massey said that as far as the price of money was concerned the present Government had come to a decision as to what policy should be pursued in differentiation between loans for development and non-development purposes. In the latter ease, money would only be advanced at the rate it cost the Government, for it was only reasonable and fair that the taxpayers should not be burdened with any .such "cost in the case of loans intended for development purposes. However, a considerable reduction would be made. Much the same system would prevail as in the old days of the Government Loans to Local Bodies Act. which was in operation before the introduction of the State-guaranteed Advances Act. Lonns for development work would have the lirst call for attention.
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Taranaki Daily News, Volume LV, Issue 154, 16 November 1912, Page 5
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158FINANCE. Taranaki Daily News, Volume LV, Issue 154, 16 November 1912, Page 5
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