NEW ZEALAND’S FINANCES
PRESS COMMENT IN BRITAIN
LONDON, February 3. “Premier’s Review Shocks Public,” states the headlines in the “Financial Times” to Mr Holland’s financial statement. The newspaper gives the report from its Wellington correspondent to the lead position on the front page and devotes an editorial to the subject that the new Government is much less than satisfied with the state of affairs that it has found.
“Mr Holland deserves credit for having told the country that the point has been reached where control of Inflation can no longer be accomplished by suppression or concealment of the symptoms,” states the paper, it observes that what Mr Holland has to do to curb Government expenditure cannot be easy. The Labour newspaper the "Daily Herald” makes no reference to the statement on the New Zealand finances by the Prime Minister (Mr Holland), but a report from its Welling correspondent statest -‘New Zealand’s Tory Government has started its economy campaign.” The correspondent adds that a number of workers have been dismissed from the Income Tax Department and others have been told that they will be transferred to other departments or given notice. The headline to this story is: “Axe falls in New Zealand.”
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Bibliographic details
Press, Volume LXXXVI, Issue 26030, 6 February 1950, Page 7
Word Count
201NEW ZEALAND’S FINANCES Press, Volume LXXXVI, Issue 26030, 6 February 1950, Page 7
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