SIR JOSEPH WARD ON BORROWING.
(PBBSS ASSOCIATION TZt&GBAV.) INVKRCARGII/L, December 19. In the Press Association report of Sir Joseph Ward's speech at Gore he was reported to hare said that the country 'never could be carried on without borrowing. The bare statement conveys a wrong im-. preasion, which we have been requested to correct. What Sir Joseph, said wae that reasonable borrowing would have, to-be continued until the legitimate requirements of the people had been pwmdea" for by .the ! completion of certain railways now ln/nand, and others that were bound to be required from time to time as settlement progressed. Sir Joseph stated that it was the duty of . the Government, while avoiding anything in the shape of a "bounding policy" to.see that legitimate public works, essential to ( the carrying on of the daily work of .the 1 people/ for in a reasonable way. . In hi* telegram drawing attention to the inaccuracy, Sir Joseph expresses the i hope that ■ the time will arrive when the country can cease borrowing of all kind's, but in view of the requirements of the cotuv , try this is. not possible at present, and - would be a vtxy imprudent thing to do. -
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Press, Volume LVIII, Issue 11153, 20 December 1901, Page 6
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197SIR JOSEPH WARD ON BORROWING. Press, Volume LVIII, Issue 11153, 20 December 1901, Page 6
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