THE FINANCIAL STATEMENT.

Waikato Times, Volume XXIX, Issue 2395, 15 November 1887, Page 2

THE FINANCIAL STATEMENT.

IUK KICK.;;. Mi:.- I i. tv., ka.i -.-nt m.-ii.-m W.fihngt >n, tin-,-C-.0-inm. at pir.-.-d i-.j. i at aa, tii- 1-anKi.i r.-n- ha-1 ~i) re.id:l’‘ m-i’-t- r. ..n i a.,- e-,i-i !•-, v.-.i im the n- a-],. .pels, Ili-.C1.-rta,. a,,.. h.,id dry l‘f -<> d th-i-I-ncniy , Mol's - 1 ta- -t-nt. \,iv v iiij4ic.it.--J mid n.t. n- it;- «v:e ti, tea.-, 1.-a ;.:t.-r hms - f j.imt-il iii--iit,.l .-li-il 1 did nr,n..p. m n V.MV _--t t-. end. i tii.-m, ' ; .„ d a!tlc iaii 1 hare u.-i.-r l-.i,.d and re-|iect*'d M;.jt .\U;i::-t..n .1- i,l . . t ,ri iiai-,- c-n-.-nj.'d 4 l.n Hall aii i .1 hi, lav,.-. I will -ay Ihi' Po tiini ta it h- is no "hifiy in finance.” i i:-i ivny be iooogbt th-.-c array ~f compli-c-.t. d o-iieinis ..j 1:41,1. -. and tier many yiri- n- accounts..{ <M t-, int-r> sis. sinking tmid. c nii.-i-i -n .-i -j. es, ic-.tnne and c\i*.-:.d:tnr-* in!-, -haj»e and fern., -hows til it in financ - fie is a n a-ter-tiand. T * all 3"V-;- -1 N.Z. tins tin:,r,,-i il Stat.-nicnt a.a-t Le m ercat pl-as-ir*; jh.- new departure ir --a w_l, 1! lias 11 lei tiic ia-t fifteen years 1- nothing -i, , r t ~f f,,,i,i ni-aintv t>* sanity. Wii-n we c an- think that" all classes arc n-.v.‘ 1 ■:r, lis - rich Ir.-ni d< ],reria tr.n .1 i tncir a—t-. tin- p-or ie.in reiiuc-t and the fanner from reduced prices. \\ iica -ae think of the-e evils an-1 tint liie laic < to*..-niment iva* going t,_. tr.y ns additional tn the ■ r :i' ..f ft*a. is,, s, .- t* : 1.■ t their la 1 ish

-xpvndiltir,; up*-u Iht-m-H'lves and Alberts n** may v.vll and prai-e Sc«»bie McKtiUHi *-»r burling that f.ibc literal St * fn.in hi" f.ii-*; j-vib--t.il nf hw >eh'a»i**U'udcd j»wrl’fcli:.n. Mr Kdit-,r, wvll i*lea>ed as I am with lb*? Financial Statement, I b.t\c brt»n t>*U«.T if tiic retroncliinrnt had been cairi**d further. In tht* printed nnivfd th**n-; is on^ c dunm .diuwiiij: the pitiful (liA*Tnmi*nl*s • mtlay, **r what it is t* tbtf outlay al<in c-dumn >h >w:ng f«>r the .s;ime Hjrvice the laU* lJ«*v#»ninienlV outlay. \o',v. tbe-c c‘luuins show that many men who are in receipt of from rToOt* ivoj per year have imt been subjected to any reduction whatever, i think I will bo able to >ii«*w that it is but fair and ju>t that these men should surfer retrenchment\\hen the sdaries of these nieli were fixed food was -»0 per cent, ami raiment jut cent, dearer than m»w. A civil»crvaut who then and now receives i'JOO would, if he now received £>oo, N» as well «»lf with his t'.'TOO as he was then with his I*4oo. The purchasing j>owcr «*f is n <.w efjual to the purchasing power of £Knj when his salary was s-> S** that if you reduce his i*4<*o to IoPO in no 'a ay are you making him one farthing poorer liian he was when lii.s salary was fixed at i‘4oo. In truth. Mr IvJitor, if j*mi do n<*t reduce bis salary lie may well pray for tha lx»d times b* continue. In fact, if yon do not reduce him. instead of him suifering from bad times ho i< a creat trainer, and his salary, instead <»f being reduced, is at a high premium, and much above par. In fact, by taking off i*!OU of the iT4*l*o man yon are not reducing him at all. You are only bringing him down to what lie had when the times were g>»od, hb being now every way as gimd as his i‘4oo then was. Is tba Civil servant to be ai» exception from all others when all are .-utfermg i Is he alone to be actually much better off now that times are bad than when times were gi*»d? It may be that by-and-bye Major Atkinson intends this, because I do believe that now he is in earnest as to economy, but if he is not then must Scobie McKenzie burl him abo from power. We must have retrenchment to the very utmost. We are a small and young community. AVo are ]n>or because we are young, and have not. as a people had time to gather wealth. We have b»vn going *n a- if there were solid wealth behind ns. We must as p«n»r cut our coat accordingly.—Vodrs truly, H Alan pi. Harapipi, Xovemb.T 11th,