NATIONAL DEBT
STATEMENT BY MR SAVAGE CHALLENGED. HON A. HAMILTON DENIES REDUCTION. (By Telegraph—Press Association.) WELLINGTON, This Day. “We were all pleased to hear the Prime Minister say that there would be a substantial surplus at the end of last financial year,” said the Hon A. Hamilton in his speech last evening. “But I, for one, was sceptical when he also stated that the national debt would be less than it was at the beginning of the year. I am going to take a risk and issue a challenge to the Prime Minister. I challenge the accuracy of his statement, which was very emphatic, that the national debt will be less than it was at the beginning of the year. In the previous year over £5,000,000 was added by this Government to the national debt. For the year under discussion, the Government took authority last session to borrow many millions, and I shall be surprised if they don’t do the same this coming session. The public should have the fullest information, and I leave it to the Prime Minister to say whether my challenge is right or wrong.”
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Wairarapa Times-Age, 10 May 1938, Page 6
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188NATIONAL DEBT Wairarapa Times-Age, 10 May 1938, Page 6
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