HIGH FINANCE.
THE NEW SOUTH WALES LOAN.
By Cable—Press Association—Copyright.
Received 12, 12.45 a.m. Sydney, April 20. Mr. Griffith, dealing with the Public
Works loan, said tlmt Hie taxpayers paid nothing towards interest on borrowed money, and made a large prolit. "The more we borrow the better position we are in," he said, "because the increase is a net profit." In reply to a question as to whether the financial position was not really good, Mr. Griffiths said: "I wish it was a trading concern and I owned it."
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Taranaki Daily News, Volume LV, Issue 282, 21 April 1913, Page 5
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89HIGH FINANCE. Taranaki Daily News, Volume LV, Issue 282, 21 April 1913, Page 5
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