NATIONAL FINANCE.

Auckland Star, Volume LIX, Issue 25, 31 January 1928, Page 6

NATIONAL FINANCE.

Having had time to thoroughly investigate and work out the interest charges on all loans and mortgages, private and public and bankut advances, and interc.-t on local body loans ana rates levied for the rears 1911-12 and 1925-26, I find that the re."':k is slightly worse than stated in my former letter on this question. I liave not included interest on bills of sae and stock mortgages for either year, wn l< ? would make my former moc stronger still. For the year 1911-12 interecharges amounted to £10.673,125 and for 1925-26 to the sum of £35,999.462. Now the standard value of our exports, which is ™ e true recorded value in 1911-12. according W the Year Book, was £17,754,865, and for 1925-26 to the sum of £35.999.462. In 1 •* our exports, valued at ruling in ' were worth 1117.7.". 1 In 1925 they were worth, ou the same basis, £23,579,258. Tn ei,c figures should make any intelligent man sit and take a look . t the Government of to country and the immicia position of the com. try as well. In addition, there has been a dreadfu leap in Government charges for runWV the countrv, fro.:. CK',297.273 in 1911 _ to £25.G43,000 in 19i':., This is the_ shockm? condition burcaucr.'tic Conservatism a* s brought us to—a nice picture indeed. A. TTAT.T, SKELTO*