PUBLIC RESOURCES
NEED FOR CONSERVATION. “The dangers of uneconomic spending are not limited to the national aspect,” said Mr .Walter Holman in his presidential address to the English Society of Incorporated Accountants and Auditors. “The budgets of local authorities show a marked tendency to keep step with the expansion of national outlay. The conservatism in public finance which has served Britain so well in the past seems to me in in these days to be in grave danger of widespread abrogation, and the policy of cheap and abundant credit provides ready encouragement. I want to suggest that these abnormal times demand not only economy in actual spending, but a wise restraint from expenditure on the part of local authorities. The national economy will be best served at the present stage by the conservation of local resources for use in well-con-sidered schemes of improvement and development when the stimulus of rearmament is past.”
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Wairarapa Times-Age, 23 July 1938, Page 7
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152PUBLIC RESOURCES Wairarapa Times-Age, 23 July 1938, Page 7
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