DOMINION FINANCE.
It would be easier for us io approve the policy of constructing works out of the Consolidated Fund if this policy led to any reduction in our borrowing, but Sir Joseph Ward appears to act on the principle of rais • ing as much in the shape of loans as he can possibly draw from the investing public, and then to squeeze what extra revenue he can cut of the taxpayer, so as to add as much as possible to the Public Works expenditure, says the "Christchurch Press." We are fully aware of the importance of opening up the country by means of railways, roads and bridges, and if the loan money were spent on really reproductive works, no one doubts that the country would be greatly benefited by such a policy. Unfortunately, however, as everybody knows, that fund is prostituted for political purposes, and the gaining of votes for the Ministry is the first consideration rather than the business-like policy of seeing that the expenditure yields a profitable return.
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Wairarapa Age, Volume XXXII, Issue 9693, 18 January 1910, Page 4
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171DOMINION FINANCE. Wairarapa Age, Volume XXXII, Issue 9693, 18 January 1910, Page 4
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