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DOMINION FINANCE.

A SOtJND POSITION. j EXPECTATIONS REAUseb. I IMPORTANT CHANGES PENWNq i (By Telegraph.-Press Association.) " j CHBISTCHURCH, Thursday/* Referring to the financial position of thd Dominion, in a speech here to-night the Prime Minister (Sir Joseph Ward) I(s marked that many months ago he had ! said the position was strong, a statement that he now reputed. All the Government's financial arrangements had now) been fixed up to October next. This wa« an important thing for the people td know. He had the results of the tost Office Savings Bank for the months ol January and February, and it would be gratifying for his hearers atid others to know that in the matter of withdrawals " being in excess of deposits the tide ha.s (distinctly turned. (Applause.) Ihe fif. ures were:— a January 1 to 31: Deposits, £748j572« withdrawals, £723,620; excess of. de-■ posits, £24,952. February 1 to 28: Deposits, £803,1198. withdrawals, £790,453; excess of deposits.' £12,666. .' Totals: Deposits, £1,551,691; jals, £1,514,073; excess of deposits, 61S. In the course of a reference to land settlement Sir Joseph Ward indicated'that Parliament would be asked to reduce the individual areas of sections offered undeij the Lands for Settlement Act. Somd I people in New Zealand were always ap. ! parently looking for trouble, and assert. j ing that the bottom was out of thd I country. They would have fluctuations jin the price of their products until the I Day of Judgment, but if on every occa* I sion that such fluctuations took place the country was to be decried as was on record in some financial journals, it was . I not the way to help the people or ths. country. ~- . | In the course of his concluding. Temarkj i Sir Joseph said that in a few weeks iti I would be his duty, on behalf of the Government, to deal with matters of con , siderable importance to the country. Before he could do so, he wan ted-to see tha 1 end of the financial year, and ! J position of the finances on MarcH I 31. He was very glad to be able td tell ! them that at present the indications wera that the results for the financial yea.T) were going to bear out the estimate hg I put before Parliament last session. (Ajm ,- plause.) Important changes were to be made in conection with the carrying out! of the public services of the country,. Some strong comments had been made id connection with the expansion, ol some oi the public Departments, and some ol they. j Government's opponents contended thai I they ought to make what they termed the public expenditure and the public ie* venue meet. Ever since he had been is \ member of the previous and the presenU Administration the public expenditurel and revenue had more than met. Novf they found people who desired adjusted in a manner that they regarded las important. He said that they could ido so, but they were not going to do sa iat the expense of the great mass of ths j public servants of the country. Thej) were going to .make some importanS I changes that would ensure effective a&> ! ministration, but would -do co with ai j little hardship as possible. In the Bexij ! few weeks he would place 'before the people an outline of the Government's policy and of the measures to be placed I before Parliament next session. ! _ .-.,,;

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DOMINION FINANCE. Auckland Star, Volume XL, Issue 67, 19 March 1909

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