NEW ZEALAND’S IMMEDIATE FUTURE

Press, Volume LXXV, Issue 22796, 23 August 1939, Page 16

NEW ZEALAND’S IMMEDIATE FUTURE

. TO THE EDITOR OP THE PRESS. Sir, —During the next few years New • Zealand will be faced with pronounced financial difficulties emanating i from the simple fact that its credit ■ has" gone owing to the rake’s progress v of the Socialist Government in squan- • dering every penny it could lay its hands on in an attempt to prove to

the mass mind its oft-declared ability to produce money at will, quite irrespective of circumstances. This naturally cannot last, and a show-down is inevitable at any moment. The only thing that could help to restore pur credit would be for the Government to live within the country’s means. What has made worse has been the scandalous and imbecile utterances—l will not designate them as “speeches”—of the Socialists during the financial debate, the effect of which, unfortunately, will never be erased from the minds of those good people of Great Britain who have in the past helped so materially to make New Zealand what it is by their financial aid. I would ask this pertinent question: Is it reasonable to expect further monetary aid from them in the light of such vituperation as was levelled at them, or to expect any successful conversion schemes in relation to maturing loans? When, by bitter experience, the befooled followers of Socialism are brought fully to realise the truth that something for nothing is unobtainable in this world of ours, it will be possible to start to rebuild on sound lines. By sound lines I mean the adoption of a system of gradualness in place of that of impetuous and foolhardy short cuts to the millennium which are being attempted to-day with such disastrous results.

Intensive production combined with economical administration is the keynote to ordered and lasting advancement, and until these two requisites are firmly established no panacea for our ills is possible.—Yours, etc., ANXIOUS. August 22, 1939.