AN EXPERT OPINION.
The extract from a confidential report by Sir 0. Niemeyer quoted'by the acting-Prime Minister on Friday evening includes some comments which Mr. Ransom must have found both interesting and encouraging. Our distinguished visitor can see no justification for comparing the financial position of New Zealand with that of Australia. For the Dominion, "thanks largely to its sound financial methods in the past, enjoys a high reputation on overseas lending markets." At the same time, Sir 0. Niemeyer advises against anything in the nature of reckless borrowing and unproductive expenditure. The report contains a rather remarkable anticipation of the Commission's proposal for a Railways Board, and Sir 0. Niemeyer's opinion on this question strengthens the movement to make control of railways non-political. On the whole, Ministers have every reason to be satisfied with Sir 0. Niemeyer's comments, which confirm completely the acting-Prime Minister's view of our financial position, and very largely approve the measures that the Government has taken to deal with it. x
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19301006.2.50
Bibliographic details
Auckland Star, Volume LXI, Issue 236, 6 October 1930, Page 6
Word Count
166AN EXPERT OPINION. Auckland Star, Volume LXI, Issue 236, 6 October 1930, Page 6
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.
Log in